Current Account Deficit Union Budget 2014
XAT 2015 · General Knowledge · Medium · General Knowledge
Which of the following statements is correct about Union Budget 2014?
- A.
Current Account Deficit was around 5% of GDP.
- B.
Current Account Deficit was around 6.2% of GDP.
- C.
Current Account Deficit was around 3.5% of GDP.
- D.
Current Account Deficit was around 1.7% of GDP.
- E.
Current Account Deficit was around 0.5% of GDP.
Answer
D
Explanation
In the Union Budget 2014-15 presentation, India's Current Account Deficit (CAD) was reported to have come down significantly to around 1.7% of GDP.
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