Explain the concept of current account in the context of foreign trade

Question

Explain the concept of current account in the context of foreign trade. How is a deficit in the current account settled?

02 Mar 2026

Answer :

Word Count : 148

The current account is a component of a country’s balance of payments that records transactions of goods, services, income, and current transfers between residents ______ __________ ____ _______ _________ _______ ______.
_____ ___ _________ ______ ______ _________.
___ ___ _____ _________ ____ ________ ______ ______ __________.
___ _________ _______ _______ __________ _______ _____.
_____ ____ ___ _____ _____ _______ _____.
_______ ________ _____ ________ ___ _____.
_______ _____ _________ _____ ___ _______ ___ _______ ___ __________ ___ ___.
_______ _________ _______ ____ ______ ___ ___ _______ ______ ______ _______ ________.
________ ____ ___ ____ ____ ________.
__________ _______ ____ ___ ______ ______ __________ _________ ______.
____ _______ _________ __________ _________ _____ ________.
___ ________ ____ ________ _______ _________ ___ ____ ____ _____ _________ _______.
_________ ________ ____ _____ ______ ________ ________ ________ ________.
________ _____ ________ _________ _________ _____ _________ _____ ________ _______.
__________ ________ __________ _______ ____.
Get Full Answer on WhatsApp

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers

IGNOU NEWS

Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★