📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    Which among the following is generally known as twin

    deficit?
    A Revenue deficit and current account deficit Correct Answer Incorrect Answer
    B Revenue deficit and capital account deficit Correct Answer Incorrect Answer
    C Fiscal deficit and current account deficit Correct Answer Incorrect Answer
    D Fiscal deficit and capital account deficit Correct Answer Incorrect Answer

    Solution

    The "twin deficit" refers to a situation where a country simultaneously experiences both a fiscal deficit and a current account deficit. A fiscal deficit occurs when a government spends more money than it generates in revenue. A current account deficit arises when a country imports more goods and services than it exports.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call