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प्रश्न
Tourism, banking, insurance, transportation, and software services are examples of which component of the current account?
पर्याय
Factor Income (Factor Invisibles)
Unilateral Transfers
Goods (Visible Items)
Services (Non-factor Invisibles)
MCQ
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उत्तर
Tourism, banking, insurance, transportation, and software services constitute trade in services, termed Non-factor Invisibles. They are 'invisible' because they are intangible, and 'non-factor' because they are not returns to factors of production like labour or capital.
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