Which of the following is/are said to increase the Current Account Deficit of India?

1. A foreign national visiting a yoga camp in Haridwar.

2. An Indian national going to study abroad.

3. Rise in international oil prices.

Select the correct answer using the code given below:

• Current Account Deficit is said to incur when the outflows of foreign currency are higher than inflows of foreign currency.

• A foreign national visiting India for a yoga camp ensures inflows of foreign currency.

• An Indian national going abroad for higher education spends in dollars resulting in outflow of foreign currency.

• Rise in international oil prices means we need to spend more dollars resulting in higher outflow of foreign currency.