Find Current Account Balance from the following data-iiExport of services - 9-000 1 iiiImport of services - 3-000 illhline endarray A- 18-000B- 3-000C- 10-000D- 15-000

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Standard XII

Economics

Current Account

Find Current ...

Question

Find Current Account Balance from the following data:

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

3,000

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10,000

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15,000

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18,000

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Solution

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

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Find Current Account Balance from the following data: ItemsRs in lakh(i)Balance of visible trade9,000(ii)Export of services9,000(iii)Import of services3,000

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

Find Current Account Balance from the following data:

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

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