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    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.
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Both Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    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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