Question : Calculate current account balance from the following- Exports of visible items- 1203 Import of invisible items- 202 Import of visible items- 107 Exports of invisible items- 207 Gifts and transfer from rest of the world- 300
Option 1: 141
Option 2: 125
Option 3: 121
Option 4: 118
Correct Answer: 141
Solution : Current account balance= (export of visible items - import of visible items ) + (export of invisible items - import of invisible items) + gifts and transverse from rest of the world) = (1203-202)+(207-107)+300 = ₹1401crore. Hence Option A is correct.
Question : Calculate current account balance from the following- Exports of visible items- 123 Import of invisible items- 22 Import of visible items- 17 Exports of invisible items- 27 Gifts and transfer from rest of the world- 30
Question : Calculate current account balance from the following- Exports of visible items- 230 Import of invisible items- 20 Import of visible items- 10 Exports of invisible items- 20 Gifts and transfer from rest of the world- 30
Question : Calculate current account balance from the following- Exports of visible items- 1230 Import of invisible items- 220 Import of visible items- 170 Exports of invisible items- 270 Gifts and transfer from rest of the world- 300
Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
Question : These items are known as above the line items.
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