BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.40%
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2.9%
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3.30%
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3.20%
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Detailed explanation-1: -The country’s current account deficit widened to 4.4% of the GDP in the quarter ended September, from 2.2% GDP during the April-June period, due to higher trade gap.
Detailed explanation-2: -India recorded a current account deficit of 3.3 per cent of GDP in H1:2022-23 on the back of a sharp increase in the merchandise trade deficit, as compared with 0.2 per cent in H1:2021-22.
Detailed explanation-3: -The current account deficit (CAD) occurs when a country’s import value of goods and services surpasses its export value. It is one of the twin deficits, which can impact the stock market and investors, the other being fiscal deficit.
Detailed explanation-4: -In absolute terms, the current account deficit (CAD) (INCURA=ECI) was $36.40 billion in the second quarter of fiscal year 2022/23, its highest in more than a decade.