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
Answer (1)
16th Jan, 2024
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.
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