SmritiPlanInsightsReview

Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). Assertion (A): When the payments made by a country exceeds its receipts from trade of goods, services, transfer and net income, is called Current Account Deficit (CAD). Reason (R): Current Account Deficit (CAD) occurs when a country exports more goods, services and capital. Choose the correct answer from the code given below. Code :