Multiple choice

Which of the following is not a capital account transaction?

  1. An Indian company purchased office space outside India.

  2. Indian Govt. made repayment of instalment of a loan taken from US Govt.

  3. An individual purchased shares on a stock exchange in London.

  4. Export of goods made on a deferred payment basis.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Capital account transaction is defined as a transaction which alters the assets or liabilities, including contingent liabilities, outside India, of persons resident in India.

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