I. Reduced excise duties on Sports Utility Vehicles
II. Reduced duties on Gold
III. Ban on export of Onions
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Question

Which of the following is the most likely to cause current account deficit in India?
I. Reduced excise duties on Sports Utility Vehicles
II. Reduced duties on Gold
III. Ban on export of Onions
Code:

[A] Both I & II
[B] Both II & III
[C] Only I & III
[D] I, II & III
Answer & Explanation

Answer: I, II & III