Question:
How will the purchase of Rafael planes by India from France be recorded in the balance of payments account?
How will the purchase of Rafael planes by India from France be recorded in the balance of payments account?
Updated On: Nov 4, 2024
- Credited to the current account
- Debited to the current account
- Credited to the capital account
- Debited to the capital account
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The Correct Option is B
Solution and Explanation
The purchase of Rafael planes, which are goods, will be debited to the current account as part of imports.
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