Consider the following actions which the Government can take: 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the above action/actions can help in reducing the current account deficit?
A1 and 2
B2 and 3
C3 only
D1 and 3
Answer & Solution
Correct answer: B. 2 and 3
UPSC CSE Prelims 2011 (GS-I, Set A), Q.10. Official answer key: B.
Related questions
Estimates of National Income in India are prepared by:Which one of the following is the primary source of energy in India?The 'tragedy of the commons' refers to:The three pillars of sustainability are typically:Sustainable development is best defined as:Kerala has a LOWER per capita income than Punjab but BETTER development outcomes in healthInfant Mortality Rate (IMR) measures:The Human Development Index (HDI) combines indicators from which three areas?