Home UPPSC Prelims 2025 Mock Test Series MCQs

Question

Which of the following is NOT a component of India's Balance of Payments (BoP)?

  1. Current Account
  2. Capital Account
  3. Financial Account
  4. Revenue Account

Answer:

Option D: Revenue Account

Detailed Solution:

The correct answer is “Revenue Account”.

The Balance of Payments typically consists of the Current Account, Capital Account, and Financial Account. There is no 'Revenue Account' in the BoP.