UGC NET Economics Q75

Question

Consider the following statements about the current account of the balance of payments and mark the correct statements:
(A) Current account deficit is equal to the amount obtained by subtracting imports from the sum of exports and net transfer receipts of the country.
(B) Current account deficit can be met by borrowing from foreigners.
(C) Current account deficit can be met by purchasing assets from foreigners.
(D) If India's current account deficit is $50 million in a particular period, it can be financed by a net capital inflow of $50 million.
Choose the correct answer from the options given below:

Accepted Answer

केवल (B), (C), (D)