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Question : The profits of Indian banks operating in foreign countries are a part of:

Option 1: Income from entrepreneurship earned from abroad

Option 2: Domestic factor income of India

Option 3: Profits of the enterprises working in the domestic territory of India

Option 4: Operating surplus of the banks located in India


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: Income from entrepreneurship earned from abroad


Solution : The correct answer is income from entrepreneurship earned from abroad .

Entrepreneurial revenue received overseas is included in the Balance of Payments (BoP) as a component of the current account. The BoP is a historical record of all economic transactions between a country and the rest of the world.

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