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     EduGorilla 
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    Consider the following statements about India’s Current Account Deficit (CAD):
    1. The Current Account Deficit (CAD) of India continues to be high mainly because of excessive dependence on oil imports, the high volume of coal imports, our passion for gold, and the slowdown in exports.
    2. CAD occurs when a country’s total import of goods, services and transfers is greater than the country’s total export of goods, services and transfers.
    3. This situation makes a country a net debtor to the rest of the world.
    4. Developing countries may run a current account deficit in the short term to increase local productivity and exports in the future.
    Which of the above statement are correct?

    Options :-

    1. 1 and 2 only
    2. 1, 2 and 4
    3. 1, 3 and 4
    4. All of the above
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