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Regarding Current Account Deficit (CAD), consider the following statements:1. Only exports and imports of goods and services are recorded in the current account.2. Non-essential imports such as gold, cell phones, and electronics may be limited to minimise CAD.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding Current Account Deficit (CAD), consider the following statements:1. Only exports and imports of goods and services are recorded in the current account.2. Non-essential imports such as gold, cell phones, and electronics may be limited to minimise CAD.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding Current Account Deficit (CAD), consider the following statements:1. Only exports and imports of goods and services are recorded in the current account.2. Non-essential imports such as gold, cell phones, and electronics may be limited to minimise CAD.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

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