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Question 15 of 16

Q.The Balance of payments consists of .........

(a) Current Account
(b) Capital Account
(c) Receipts and Payments Account
(d) Both current account and capital account
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2026MCQ· 1mImportance★★★★★
94% · 15/16 Questions
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The balance of payments consists of both the current account and the capital account, so the answer is (d).

The Balance of Payments (BoP) is a systematic record of all economic transactions between residents of a country and the rest of the world during a year. It has two main components:

  • Current Account — trade in goods (visible) and services (invisible), plus income and current transfers.
  • Capital Account — flows of capital such as foreign investment, loans and changes in reserves. …
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