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Consider the following statements with respect to the balance of payments: 1. Exports and imports of services are recorded in current account 2. Unilateral flows are recorded in capital account 3. Current account surplus always equals capital account deficit Which of the statements given above is/are correct?
Correct Answer: (c)
Official keyThis question appeared in the GPSC Prelims 2025 examination (GS). It is Question 86 out of 200 questions in this paper.
This question was part of the GPSC Prelims 2025 (GS). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.