Option 1 states that India`s exports were less than its imports, which means that India had a trade deficit. This is a correct statement as a trade deficit occurs when a country`s imports exceed its exports.

Option 2 states that the trade balance was negative. This is also correct, as a negative trade balance indicates a trade deficit.

Option 3 states that net invisibles were positive. Net invisibles, also known as the balance of services, includes income from services such as tourism, transportation, and remittances. A positive value indicates that India earned more income from these services than it paid out. This is a correct statement.

Option 4 states that the capital account balance was negative. The capital account includes capital inflows and outflows such as foreign direct investment, loans, and investments. A negative value indicates that there was more capital outflow than inflow. This is also a correct statement.

Therefore, the correct answer is option 4. There is no need for an alert as the provided answer is correct.