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
Option 1: 141
Option 2: 125
Option 3: 121
Option 4: 118
Answer (1)
10th 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)
= (123-22)+(27-17)+30
= ₹141crore.
Hence Option A is correct.
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