Multiple Choice Questions on Consider the following statements 1 Increase in demand of dollars in Forex Market 2 When exports are........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

Consider the following statements 1 Increase in demand of dollars in Forex Market 2 When exports are...........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Consider the following statements:

    1. Increase in demand of dollars in Forex Market.

    2. When exports are more than imports.

    3. Increase in the purchase gold and oil imports.

    Which of the statement(s) given above will lead to Current Account Deficit?

    1 and 3 only

    Correct Answer

    2 only

    Incorrect Answer

    2 and 3 only

    Incorrect Answer

    1, 2 and 3

    Incorrect Answer
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    Explanation:

    Statement 1 and 3 are Correct.
    ? Increases the demand of dollars in Forex Market.
    ? Increase in gold and oil imports
    Statement 2 is Incorrect. When India imports more than it exports, it leads to CAD.

    By: Atul Sambharia
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