How is Current account best explained? | UPPSC HEO

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How is Current account best explained?

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Question ID #24336

How is Current account best explained?

Correct Answer: B. records trade in goods, services, income and current transfers

Question: How is Current account best explained?

A. is used to absorb liquidity from banks under the traditional framework

B. records trade in goods, services, income and current transfers

C. is total government expenditure minus non-borrowed receipts

D. is the rate at which the RBI lends short-term funds against eligible securities

Correct Answer: B. records trade in goods, services, income and current transfers

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How is Current account best explained? - MCQ Explanation

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Correct answer: B. records trade in goods, services, income and current transfers