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Consider the following statements regarding Current Account Deficit (CAD). Both government and private payments are included in the calculation of CAD. When the current account deficit is lower, more foreign exchange reserves are needed to finance the gap. CAD is always bad for the country and its economy as it drains the country’s forex reserves.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Current Account Deficit (CAD). Both government and private payments are included in the calculation of CAD. When the current account deficit is lower, more foreign exchange reserves are needed to finance the gap. CAD is always bad for the country and its economy as it drains the country’s forex reserves.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Current Account Deficit (CAD). Both government and private payments are included in the calculation of CAD. When the current account deficit is lower, more foreign exchange reserves are needed to finance the gap. CAD is always bad for the country and its economy as it drains the country’s forex reserves.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements regarding Current Account Deficit (CAD). Both government and private payments are included in the calculation of CAD. When the current account deficit is lower, more foreign exchange reserves are needed to finance the gap. CAD is always bad for the country and its economy as it drains the country’s forex reserves.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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