GyanGramWith reference to Balance of Payments, which of the following constitutes/constitute the Current Account? 1.…
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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 Right
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• Correct Answer: C
• Current Account comprises Balance of Trade (visible exports/imports) and Balance of Invisibles (services, income, transfers).
• Foreign assets are recorded in the Financial Account; SDRs are reserve assets under IMF.
• A, B, D wrongly include capital/financial account items in the current account.
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