Question

During the high noon of the British Empire, which of the following statement(s) is/are true?
A. Britain had a current account surplus with India, but a current account deficit with the rest of the world.
B. Britain had a current account deficit with India, but a current account surplus with the rest of the world.
C. Britain had a current account surplus with India and it had an even higher current account surplus with the rest of the world.
D. Britain had a current account deficit with India and even higher current account deficit with the rest of the world.
E. The current account surplus which Britain had with India was sufficient to tide over the current account deficit with the rest of the world.
Choose the correct answer from the options given below:

• A. A, E
• B. C, D
• C. D, B
• D. A, C

Answer 1

The Correct Option is A

The correct option is(A): A, E