Giving reasons, state whether the following statements are true or false.
(i) Current account of Balance of Payments account records only export and import of goods and services.
(ii) Foreign investments are recorded in the capital account of Balance of Payments.
(i) False, as current account of Balance of Payments account also records unilateral transfers.
(ii) True, as all kinds of foreign investments (Foreign Direct Investments and portfolio investments) are included in the capital account of Balance of Payments.