NOTES


IAS Prelims > General Studies > Foreign Trade and External Assistance

Current Account



Ans.

Current account refers to an account which records all the transactions relating to export and import of goods and services and unilateral transfers during a given period of time.Current account contains the receipts and payments relating to all the transactions of visible items, invisible items and unilateral transfers.


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Notes of Foreign Trade and External Assistance



  1. Objective
    see in detail

  2. Independence of Audit in India and Role of CAG
    see in detail

  3. Follow-up of Audit Reports
    see in detail

  4. Foreign Trade and Balance of Payments
    see in detail

  5. Current Account
    see in detail