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State the components of current account ...

State the components of current account of the Balance of Payments account.
OR
Name the broad categories of transactions recorded in the 'current account' of the Balance of Payments Accounts.
OR
List the items of the current account of balance of payments account. Also define 'balance of trade'.

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The Bureau of Economic Analysis divides the current account into four components: trade, net income, direct transfers of capital, and asset income.
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SANDEEP GARG-BALANCE OF PAYMENTS-SHORT ANSWER TYPE QUESTIONS
  1. Why is it said that the balance of payments is always balanced?

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  2. Distinguish between balance of trade and balance of payments.

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  3. What is meant by visible items and invisible items in the Balance of P...

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  4. What does balance of payment account show? Name the two parts of the b...

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  5. Distinguish between balance on trade account and balance on current ac...

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  6. Which transactions determine the balance of trade? When is balance of ...

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  7. Explain the meaning of deficit in a Balance of Payments account. OR...

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  8. State the nature of transactions that are recorded in current account ...

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  9. State the components of current account of the Balance of Payments acc...

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  10. State the components of capital account of balance of payments. ...

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  11. State any four items each of current account and capital account of th...

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  12. Distinguish between current account and capital account of balance of ...

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  13. Explain the meaning of deficit in balance of payments.

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  14. Distinguish between autonomous and accommodating transactions of balan...

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  15. List the items included as invisible in the balance of payments accoun...

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  16. What does the Balance of Payments Account record? Distinguish between ...

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  17. Give the meanings of 'autonomous' transactions and 'accommodating' tra...

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  18. Indian investors borrow from abroad. Answer the following: (a) In whic...

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  19. What is meant by 'official reserve transactions'? Discuss their import...

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  20. Define Balance of Payments. Discuss briefly the components of current ...

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