Which of the following is/are said to increase the Current Account Deficit of India?
1. A foreign national visiting a yoga camp in Haridwar.
2. An Indian national going to study abroad.
3. Rise in international oil prices.
Select the correct answer using the code given below:
1 only
1 and 3 only
2 and 3 only
1, 2 and 3
• Current Account Deficit is said to incur when the outflows of foreign currency are higher than inflows of foreign currency.
• A foreign national visiting India for a yoga camp ensures inflows of foreign currency.
• An Indian national going abroad for higher education spends in dollars resulting in outflow of foreign currency.
• Rise in international oil prices means we need to spend more dollars resulting in higher outflow of foreign currency.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
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