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

  • google app store apple app store

    • 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