Which one of the following items is not included in the Current Account of Balance of Payments in India ?

Exports
Imports
Income from non-factor services
Net non-resident deposits

The correct answer is (d) Net non-resident deposits.

The current account of the balance of payments records a country’s transactions in goods, services, income, and current transfers with the rest of the world over a specific period of time, usually a year.

Exports and imports are included in the current account because they represent the flow of goods and services between a country and the rest of the world. Income from non-factor services is also included in the current account because it represents the income that a country’s residents earn from providing services to residents of other countries.

Net non-resident deposits are not included in the current account because they represent the change in the value of a country’s financial assets held by non-residents. This change in value is not considered to be a current transaction because it does not involve the exchange of goods, services, income, or current transfers.