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Which of the following constitute Capital Account

2013

Which of the following constitute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below.

(a)

1, 2 and 3

(b)

1, 2 and 4

(c)

2, 3 and 4

(d)

1, 3 and 4

Answer:

(b)

Core Books/NCERT

Explanation

Private Remittances forms a part of current account and not capital account