With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of invisibles 4. Special Drawing Rights Select the correct answer using the code given below.

The Current Account includes the Balance of Trade (export/import of goods) and the Balance of Invisibles (services, transfers, and income flows), as these represent transactions involving current income and expenditure. Foreign assets and Special Drawing Rights (SDRs) are incorrect because they are components of the Capital Account, which records changes in the ownership of national assets and liabilities. The core concept being tested is the fundamental classification of the Balance of Payments into Current and Capital accounts.