UPSC 2014EconomyModerate

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.

1 only

2 and 3

1 and 3

1, 2 and 4

External SectorBalance of Payments ComponentsBalance of PaymentsCurrent AccountBalance of TradeBalance of InvisiblesForeign AssetsSpecial Drawing RightsCapital AccountForex Reserves

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.

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