Question 16 of 16
Q.What are the credit items shown in current accounts (any 3)
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2026Subjective· 3mImportance★★★★★
100% · 16/16 Questions
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Start your 14-day free trial to unlock the full solution →The current account of the balance of payments records a country's receipts and payments on visible trade, invisible services, income and transfers; its credit (receipts) side includes exports of goods, exports of services, and incomes/transfers received from abroad.
The current account of the balance of payments records all transactions relating to the export and import of goods and services, income and current transfers. The credit items are the transactions that bring foreign exchange into the country (receipts). The main credit items are:
- Export of goods (visible/merchandise exports) — the value of goods sold to other countries.
- Export of services (invisible exports) — earnings from services rendered to foreigners, such as shipping, banking, insurance, tourism and software services.
- Income received from abroad — interest, dividends and profits earned on investments made in other countries.
- Unilateral transfer receipts — remittances, gifts, grants and donations received from abroad without any return obligation. …
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