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Which statement best explains Capital or financial account?

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Question ID #27455 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 9 Medium

Which statement best explains Capital or financial account?

Correct Answer: A. Part of external accounts recording capital transfers and financial flows
Capital or financial account: Part of external accounts recording capital transfers and financial flows

Question: Which statement best explains Capital or financial account?

A. Part of external accounts recording capital transfers and financial flows

B. Systematic record of a country's economic transactions with the rest of the world

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

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

Correct Answer: A. Part of external accounts recording capital transfers and financial flowsCapital or financial account: Part of external accounts recording capital transfers and financial flows

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Which statement best explains Capital or financial account? - MCQ Explanation

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Correct answer: A. Part of external accounts recording capital transfers and financial flows