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Identify the correct matched-pair from Column A to Column B: Column A Column B (1) Import of Petroleum from Iran (a) Debit side of Current Account -

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Question

Identify the correct matched-pair from Column A to Column B:

Column A Column B
(1) Import of Petroleum from Iran (a) Debit side of Current Account
(2) BPO services provided by India to USA (b) Credit Side of Capital Account
(3) Investment by Saudi Aramco in RIL (c) Debit Side of Capital Account
(4) Export of Spices to Greece (d)  Debit Side of Current Account

Options

  • 1 - (a)

  • 2 - (b)

  • 3 - (c)

  • 4 - (d)

MCQ

Solution

1 - (a)

Explanation:

Goods and services imported are documented in the current account. Imports are recorded on the debit side since they result in a foreign exchange outflow in the country.

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