Which among the following is generally known as twin deficit?

Q: Answer-Which among the following is generally known as twin deficit?

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.

A Revenue deficit and current account deficit Correct Incorrect

B Revenue deficit and capital account deficit Correct Incorrect

C Fiscal deficit and current account deficit Correct Incorrect

D Fiscal deficit and capital account deficit Correct Incorrect

Detailed 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.

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Which among the following is generally known as twin deficit?

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