Start learning 50% faster. Sign in now
India’s current account saw a deficit of $23 billion or 2.7% of the gross domestic product (GDP) in Q3FY22. The gap since the second quarter of Q2FY19, mainly owing to a widening of the merchandise trade deficit to an unprecedentedly high $60 billion. December quarter also witnessed net portfolio outflows of $1.6 billion. In Q2FY22, the current account deficit (CAD) came in at a moderate 1.3% of GDP, while the account had a surplus of 0.9% of GDP in the previous quarter. The capital account had a surplus of only $23.2 billion in Q3FY22, compared with $40.4 billion in the previous quarter and $33.5 billion in the year-ago quarter. Financial account, net foreign direct investment recorded an inflow of $5.1 billion. Portfolio investment recorded net outflow of $5.8 billion. India recorded a current account deficit of 1.2% of GDP in April-December 2021.
Which of the following statements about Prompt Corrective Action is/are True?
I- Prompt Corrective Action F...
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Who among the following is not one of the eligible beneficiaries of PMUY?
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented ...
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...