Question

List different components of Balance of Payment on current account and capital account.

Answer 1

Components of current account are as follows:

• Export of goods & import of goods
• Export of services & import of services
• Unilateral transfer receipts and Unilateral transfer payments
• Income receipts & income payments

OR

• Balance of trade
• Balance of invisible trade
• Balance of unilateral transfer

Components of capital account are capital receipt & capital payment.

OR

Balance of capital account.