Attempt this previous-year question. The correct option stays hidden until you choose.
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
Select the correct answer using the code given below.
Pick an option to check yourself.
• 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.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram