Gift and remittance to aboard are recorded on the

Question

880 viewsAugust 25, 2021Balance of PaymentsBop

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Abhishek Kumar 54 August 24, 2021 0 Comments

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A(the debitside of current account)

B(credit side of current account

C( credit side of capital account)

D (debit side of capital account)

score 0 · Answer 1 · 2021-08-25T18:14:40+00:00

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Ans – A

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Gifts and remittance results in an outflow of foreign exchange. As it also does not affect the financial assets and liabilities of the country.

These are recorded as the outflow at the debit side of the current account of BoP.

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