Question
Which of the following statements is/are incorrect?
       I.           NRI deposits in India are counted as a part of the current account.      II.           If a country suffers from a fiscal deficit as well as capital account deficit then it is term as Twin Deficit.Solution
NRI deposits in India are counted as a part of the Capital account. If a country suffers from a fiscal deficit as well as a Current account deficit then it is termed as Twin Deficit .
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