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
Option 1: 240
Option 2: 250
Option 3: 210
Option 4: 180
Answer (1)
24th Jan, 2024
Correct Answer:
250
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)
= (230-20)+(20-10)+30
= ₹250 crore.
Hence Option B is correct.
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