The balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world
(A) Current Account
(B) Savings Account
(C) Capital Account
(D) Asset Account
Correct Answer : Capital Account
Question Asked : SSC CGL Tier-I (CBE) Exam 2017
Explanation : The balance of payments records a country's transactions with the rest of the world. The current account balance is equal to the sum of the trade balance, net investment income, and net transfers the country receives from the rest of the world. The capital account balance is equal to capital flows from the rest of the world minus capital flows to the rest of the world.
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