Which of the following statement about the Indias balance of payments is not correct ? (1) If a foreign citizen deposits some money in a bank in India, the accounts regard this as a credit. (2) The current account balance shows only the balance for the trade in goods and services combined. (3) Allowing for errors and omissions, the accounts always balance. (4)If the country s reserves of foreign currencies increase then there is a minus sign for this entry.