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Which statement best explains Current account?

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Question ID #27444 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 9 Medium

Which statement best explains Current account?

Correct Answer: A. Part of balance of payments covering trade in goods and services, income and current transfers
Current account: Part of balance of payments covering trade in goods and services, income and current transfers

Question: Which statement best explains Current account?

A. Part of balance of payments covering trade in goods and services, income and current transfers

B. Rate at which RBI lends short-term funds to banks against eligible collateral under the liquidity framework

C. GDP measured at constant prices to remove price-change effects

D. Market-driven fall in the rupee's value relative to another currency

Correct Answer: A. Part of balance of payments covering trade in goods and services, income and current transfersCurrent account: Part of balance of payments covering trade in goods and services, income and current transfers

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Which statement best explains Current account? - MCQ Explanation

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Correct answer: A. Part of balance of payments covering trade in goods and services, income and current transfers