In the context of the Indian economy, the term 'Twin Deficit' refers to:
A. Budget deficit and trade surplus
B. Fiscal deficit and current account deficit
C. Capital account deficit and fiscal surplus
D. Revenue deficit and primary deficit only
Answer: Option B
Solution (By JKSSB Mock Tests)
Twin deficit refers to the simultaneous existence of a fiscal deficit (government budget) and a current account deficit (external sector) in an economy.
No comments yet. Be the first to start the discussion!