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    Question

    Which of the following statement/statements

    is/are incorrect? Remittances to India are primarily sent from Gulf Cooperation Council (GCC) countries, as well as the United States of America and the United Kingdom.┬а Remittances are accounted as part of capital account.
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C Both are incorrect Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Remittances are accounted as part of Current account.

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