The Current Account of the Balance of Payments primarily includes the Balance of Trade (exports minus imports of goods) and the Balance of Invisibles (services, income, and current transfers). Therefore, options 1 and 3 are correct because they represent the transactions of goods and services, as well as income flows and transfers, which are essential components of the Current Account. In contrast, foreign assets and Special Drawing Rights (SDRs) fall under the Capital Account and reserve assets, respectively, hence are excluded from the Current Account. This distinction is crucial for understanding international economic transactions and policy formulation, relevant for UPSC aspirants.