Question
Which of the following will not contribute to a higher
current account deficit? (1) Increase in price of crude oil (2) Rise in export of software services (3) Rise in import of services Choose the correct answer using the codes given below:Solution
Current account deficit is a measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. Increase in crude oil price and rise in import of services oil increase the current account deficit. However increase in exports will reduce the deficit.
Which is the top ranked city in the 11th edition of the TomTom Traffic Index?
What is the total outlay of the "Scheme for Expansion and Modernization of Fire Services in the States" launched by the Ministry of Home Affairs?
How many new branches has HSBC India received RBI approval to open?
What is the primary objective of the UDAN scheme launched by the Ministry of Civil Aviation in 2016?
The International Hockey Federation (FIH) appointed P.R. Sreejesh and which other individual as co-chairs of the FIH Athletes Committee?
How many archaeological sites along the Saraswati River’s path have been identified in Haryana?
What is the main aim of SEBI and IEPFA’s ‘ Niveshak Shivir ’?
Blackstone has signed a binding agreement to acquire a controlling stake in Care Hospitals from TPG, valuing the India and Bangladesh-based hospital cha...
What distinguishes Agnikul Cosmos' Agnibaan Sub Orbital Technology Demonstrator (SOrTeD) launch as a milestone in India's space exploration efforts?
What is the scheduled timeline for ISRO’s first manned Gaganyaan mission, as per the revised plan?
Relevant for Exams:
