Which of the following is not a reason for high current account deficit in India?
  • a)
    Burgeoning trade deficit
  • b)
    Increasing trade deficit in software services
  • c)
    Both (a) and (b)
  • d)
    Neither (a) nor (b)
Correct answer is option 'B'. Can you explain this answer?
Related Test: Crash Course Test- 2

UPSC Question

Kirpal Singh
Aug 20, 2021
ANSWER b)

There are various factors which could cause a current account deficit:
  • Overvalued exchange rate. ...
  • Economic growth. ...
  • Decline in competitiveness/export sector. ...
  • Higher inflation. ...
  • Recession in other countries. ...
  • Borrowing money. ...


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This discussion on Which of the following is not a reason for high current account deficit in India?a)Burgeoning trade deficitb)Increasing trade deficit in software servicesc)Both (a) and (b)d)Neither (a) nor (b)Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by UPSC Students. The Questions and Answers of Which of the following is not a reason for high current account deficit in India?a)Burgeoning trade deficitb)Increasing trade deficit in software servicesc)Both (a) and (b)d)Neither (a) nor (b)Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of UPSC, which is also the largest student community of UPSC. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for UPSC on EduRev and even discuss your questions like Which of the following is not a reason for high current account deficit in India?a)Burgeoning trade deficitb)Increasing trade deficit in software servicesc)Both (a) and (b)d)Neither (a) nor (b)Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest UPSC community, EduRev has the largest solved Question bank for UPSC.