Question

Calculate the balance of Current Account from the following:

Items	Amount
(i) Export of goods	Rs.80 crore
(ii) Export of services	Rs.25 crore
(iii) Balance of visible trade	Rs.40 crore
(iv) Transfer of Rs.5 crore from one country to another	Rs. 5 crore

Answer 1

Balance of Current Account = Balance of visible trade + Export of services + Transfer of money from one country to another
= 40 crore + 25 crore + 5 crore
= Rs. 70 crore.
Therefore, the balance of Current account is Rs. 70 crore.