In India’s balance of payments, non-resident deposits (net) are shown as a part of:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → banking capital in the capital account
Non-resident Deposits (net) appear as a sub-item under Banking Capital (net). Banking capital is one of the items of the capital account balance.
Note: A sample table such as the BoP table for India can give a full question, even from a small row tucked under a main item. Read every row of such tables, not just the totals.
NCERT (2026-27): “Errors and Omissions … Table 6.1 provides a sample of Balance of Payments for India. Note in this table, there is a trade deficit and current account deficit but a capital account surplus. As a result, BOP is in balance.”
|
