Economics · Balance of Payments
With reference to India's Current Account, consider the following statements: 1. A merchandise trade deficit widens the Current Account Deficit (CAD). 2. A surplus in services trade partially offsets the merchandise trade deficit. 3. Foreign Portfolio Investment (FPI) inflows are recorded in the Current Account. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only✓
- 21 only
- 32 and 3 only
- 41, 2 and 3
Correct answer
1 and 2 only
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