Consider the following statements:

  1. Hike in global oil prices can widen the Current Account Deficit (CAD) of India
  2. Higher CAD can lead to depreciation of the currency

Which among the above statements is/ are correct?

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

Show Answer

Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...