Question:
India’s trade deficit shrank to its lowest in five months in September, at $13.98 billion. Consider the following statements denoting consequences of trade deficit:
1. Trade deficit may lead to more unemployment in India.
2. The value of rupee may decline.
3. It may lead to inflation.
Choose the correct consequence/s from the codes given below:
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
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