MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Fiscal Deficit

What is 'curr...

Question

What is 'current account deficit' in the balance of payments?

Open in App

Solution

When foreign exchange receipts in the current account fall short of foreign exchange payments, it is called current account deficit.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What is meant by deficit in balance of payments?

Q. Which of these measures will reduce deficit on the current account of the balance of payments through the use of fiscal policy?

Q. Excess of foreign exchange receipts over foreign exchange payments on account of accommodating transactions equals deficit in the balance of payments.

Q. Deficit in balance of trade indicates deficit in balance of payments also.

Q. Q.Consider the following statements with reference to Balance of Payments: Which of the above given statements is/are incorrect?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Debts and Deficits

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon