Question : In the balance of payment account, unrequited receipts and payments are also regarded as
Option 1: bilateral transfer
Option 2: unilateral transfer
Option 3: capital account transfer
Option 4: invisible transfer
Correct Answer: unilateral transfer
Solution : The correct option is unilateral transfer .
Unrequited payments and receipts are also regarded as unilateral transfers because they only flow in one direction and don't automatically reverse. Sending money, goods or services to a recipient without expecting anything in return is known as a unilateral transfer. Foreign aid is frequently transferred unilaterally, frequently from developed to developing countries.
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