| Column I | Column II | ||
| A. | Current account surplus | (i) | Receipts <Payments |
| B. | Current account surplus | (ii) | Receipts > Payments |
| C. | Balance current account | (iii) | Receipts \[\ne \] Payments |
| D. | Current account deficit | (iv) | Receipts \[\le \] Payments |
A) A - (i)
B) B - (iii)
C) C - (iii)
D) D - (iv)
Correct Answer: B
Solution :
Current account surplus is the situation where total receipts exceeds total payments during a fiscal year.
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