lsquo Twin de cit rsquo identity in India is usually used to refer to Current account deficit Fisca...........

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‘Twin de?cit’ identity in India is usually used to refer to

Current account deficit
Fiscal deficit
Remittance Deficit
Savings deficit
Balance Sheet Deficit

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1 and 4 only

2 and 3 only

1 and 2 only

4 and 5 only

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Explanation:

Twin deficit identity is used to refer to a nation’s current account deficits and a simultaneous fiscal deficit. The term became widely used in the 1980s until the 1990s because the United States experienced the “twin” deficits during this timeframe. However, there is no reason why current account deficits and government budget deficits occurs at the same time.