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Consider the following statements about India’s Balance of Payments (BoP)
BoP records all economic transactions between residents of a country and rest of the world.
Capital account balance comprises the balance of trade of goods and services, factorv
incomes, and net cash transfers.
Current account balance reflects net change in ownership of national assets.
Which of the statements given above is/are correct?
1 and 3 only
2 and 3 only
By: Kamal Kashyap ProfileResourcesReport error
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