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Question
A company located in India receives a loan from a company located abroad. How is this transaction recorded in India's Balance of Payments Account?
Options
Credit side of current account
Debit side of current account
Credit side of capital account
Debit side of capital account
MCQ
Solution
Credit side of capital account
Explanation:
It is a monetary infusion into the Indian economy.
shaalaa.com
Balance of Payments - Capital Account
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