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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics3 Marks
Question
Classify whether the following trans actions will be recorded in current account or capital account.
  1. Purchase of shares of Tata by Microsoft.
  2. Imports of computer spare parts from America.
  3. Borrowings from World Bank.
  4. Repayment of loan by Indian Government taken from Japan.
  5. Gifts received from a relative in Australia.
  6. Purchase of Land in China.
  7. Import of machinery.
✓

Answer

Current Account: (i), (v), (vii);
Capital Account: (i), (iii), (iv), (vi).

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