UPSC Civil Services Prelims 2011
Question 9 of 53Indian Economy
Which one of the following is the most likely effect of a sustained increase in crude oil prices on India?
AImprovement in current account balance
BHigher import bill and inflationary pressure
CAutomatic reduction in fiscal deficit
DGuaranteed increase in exports
Correct Answer
The correct answer is hidden
Explanation
25 words hidden ... pressures. It also feeds inflation through higher fuel, transport, and production costs across sectors. The other ... 21 words hidden