Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — Export
Concept & Option Breakdown
Standard Reference VerifiedWhen foreign nationals visit India and purchase tourism, hospitality, travel, and entertainment services using foreign currency, it represents the sale of domestic services to non-residents, which is classified as an Export of services in the Balance of Payments.
Any transaction where domestic goods/services are provided to foreign residents and bring in foreign currency is an export.
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