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प्रश्न
From the following, which of the item would appear on the credit side of capital account of the balance of payment in India?
विकल्प
Education consultation from a firm in New York.
Borrowings from rest of the world.
Earthquake relief aid received from France.
Imports of edible oils.
MCQ
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उत्तर
Borrowings from rest of the world.
Explanation:
Borrowings from abroad are included in the credit side of the Balance of Payments' capital account because they bring foreign exchange into the economy and are a credit item in the capital account.
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