Answer-Identify the CORRECT statements:

India usually runs a Current Account Deficit. In 2016-17 CAD of India was 15.2 bn or 0.7 of GDP. Due to Indiarsquos excessive import dependence for crude petroleum oil and gold, Indiarsquos import bill is always much higher than the export bill. It causes a Current Account Deficit

Question

Identify the CORRECT

statements:

A India generally runs a deficit in its current account

B India generally runs a deficit in its capital account

C Huge import of crude petroleum and gold is the major reason for India’s Current Account Deficit

D a and c

E b and c

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Solution