CGPSC 2017 · Question 12 of 100

What is Current Account Deficit (CAD) ?

General Knowledge

AExcess amount drawn over the total deposit amount in Current Accounts of the Banks
BDeficit due to excess of Gove. expenditure over Govt. Revenue in current year
CDeficit caused due to excess of total imports over total exports during the yearCorrect
DLoss due to highest cost of production over market price of the commodity
ENone of these

Answer: C. Deficit caused due to excess of total imports over total exports during the year

Explanation

The Current Account Deficit (CAD) is a key economic indicator that reflects a country's financial position with the rest of the world. It primarily indicates that a nation is importing more goods and services than it is exporting.

Source: CGPSC 2017 official paper

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