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
Option 1: 1410
Option 2: 1250
Option 3: 1210
Option 4: 1180
Answer (1)
12th Jan, 2024
Correct Answer:
1410
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)
= (1230-220)+(270-170)+300
= ₹1410 crore.
Hence Option A is correct.
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