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Economy - Current Affairs and GK

Q1:

What was India's current account deficit as a percentage of GDP in the October-December quarter?

A 1.0%

B 1.2%

C 1.3%

D 1.5%

ANS:B - 1.2%

India's current account deficit (CAD) narrowed to 1.2% of GDP in the October-December quarter, revised from the earlier estimate of 1.3%. The CAD represents the difference between the country's exports and imports of goods and services, reflecting its trade balance with the rest of the world.