Name the broad categories of transactions recorded in the 'Capital Account' of the Balance of Payments Accounts.
Name the broad categories of transactions recorded in the 'Capital Account' of the Balance of Payments Accounts.
4 views
1 Answers
Transactions recorded in capital account are-Balance of payments on Capital Account is a statement of all capital inflows and outflows, during the period of an accounting year. It includes:
(i) Borrowing (commercial borrowing and external assistance), (ii) Investments (Foreign Direct Investment and port folio investment) (iii) NRI deposits, (iv) Banking capital, (v) Short-term debt, (vi) Rupee debt service, and (vii) other capital.
4 views
Answered