pyq/2014/prelims/30

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.

(A) 1 only

(B) 2 and 3

(C) 1 and 3

(D) 1, 2 and 4