Question

Find Current Account Balance from the following data:

$\begin{array}{cc}\text{Items}& \text{Rs in lakh}\\ \text{(i)Balance of visible trade}& \text{9,000}\\ \text{(ii)Export of services}& 9,000\\ \text{(iii)Import of services}& 3,000\end{array}$

• A. 3,000
• B. 10,000
• C. 15,000
• D. 18,000

Answer 1

The correct option is C

15,000

Current Account Balance = Exports - Imports of services + Balance of visible of trade = 9,000 - 3,000 + 9,000 = 15,000