The problem of persistent current account deficit can be avoided by pursuing which of the following polices?
A. Encouraging Savings
B. Controlling fiscal deficit
C. Devaluation of the domestic currency
D. Curtailing productivity
E. Reduced dependence in costly external commercial borrowings
Choose the correct answer from the options given below:
1
A, B, D only
2
B, C, E only
3
C, D, E only
4
D, E, A only