Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
Define Balance of Payments on capital account.
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Answer
Balance of Payments on capital account is a statement of all capital inflows and outflows. It includes borrowing from and lending to abroad, both by private individuals and government, i.e. loans, interest, grants, movement of gold, etc.
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