Question Details

Detailed explanation and options for the selected question.

What is meant by the term “current account deficit”?

A. Excess of imports over exports of goods and services
B. Excess of government spending over revenue
C. Excess of foreign investment in a country
D. Excess of savings over investments

Explanation:

Current account deficit occurs when imports exceed exports of goods and services. It does not directly relate to government spending or investments.

Related Topics

Make in India 2.0

Revision Notes

Urban Cooperative Banks and Microfinance

Revision Notes

Social Impact Bonds and Innovative Financing

Revision Notes

Impact of Technology on Economic Sectors

Revision Notes

Fisheries Sector and Blue Revolution

Revision Notes

World Trade Organization and Global Trade Regimes

Revision Notes

Infrastructure Development

Revision Notes

Balance of Payments and Exchange Rate

Revision Notes

Migration, Urbanization, and Economic Development

Revision Notes

Land Reforms and Land Titling

Revision Notes