BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Current Account Decrease
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Current Amount Deficit
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Current Account Deficit
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Common Account Deficit
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Detailed explanation-1: -The current account deficit for Q1:2022-23 has been revised downwards from US$ 23.9 billion (2.8 per cent of GDP) due to downward adjustment in Customs data.
Detailed explanation-2: -The country’s current account deficit (CAD) widened to 4.4 per cent of gross domestic product (GDP) in the second quarter of the fiscal 2022-23 on higher merchandise trade deficit.
Detailed explanation-3: -As a percentage of GDP, India’s July-September CAD is 4.4 percent compared to 2.2 percent in April-June and 1.3 percent in July-September 2021. India’s current account deficit (CAD) surged to an all-time high of $36.4 billion in July-September, data released on December 29 by the Reserve Bank of India (RBI) showed.
Detailed explanation-4: -India’s current account deficit (CAD) decreased to US$ 13.4 billion (1.5 per cent of GDP) in Q4:2021-22 from US$ 22.2 billion (2.6 per cent of GDP) in Q3:2021-22.