Among the followings which is not included in Capital Account Balance ?

Gifts and Donations

The correct answer is option (1) : Gifts and Donations

Explanation :

Among the options listed, Gifts and Donations are not included in the Capital Account Balance. The Capital Account Balance primarily deals with transactions involving financial assets, such as banking capital flows, loans, and movements of gold reserves between countries. Gifts and Donation are part of current account under transfer payments.