Question
Consider the following statements. 1. Owing to
Covid-19 pandemic, India lost its dominance in the world services trade in FY22. 2. Software and business services together constitute more than 60% of India’s total services exports. 3. Weak tourism sector contributed to the loss of dominance. Which of the statements given above is/are correct?Solution
India maintained its dominance in the world services trade in FY22. Despite pandemic-induced global restrictions and weak tourism revenues, India’s services exports stood at USD 254.5 billion in FY22 recording a growth of 23.5% over FY21 and registered a growth of 32.7% in April-September 2022 over the same period of FY22. Hence, statements 1 and 3 are not correct. Software and business services together constitute more than 60% of India’s total services exports and exhibited strong growth during Q2FY23. While strong revenues in major information technology (IT) companies from various segments such as retail and consumer business; communications and media; healthcare; and banking, financial and insurance services drove the growth in software exports, a significant pick-up in engineering, and research and development related services boosted the growth in business services exports during the quarter. Hence, statement 2 is correct.
What does a decreasing inventory turnover ratio usually indicate about a firm
Find the equilibrium quantity and price if the demand and supply equations are as follows:
Demand: Qd = 12 - P
Supply: Qs = - 3 + 4 P
AD Category – I banks are required to report all the inward remittances including advance as well as old outstanding inward remittances received for e...
Which of the following is not one of the ‘S’ in the 5 S technique used for controlling waste?
A leadership style that focuses on navigating complex and rapidly changing environments with proactive approach is known as _________
Under the revised RBI instructions on hedging foreign exchange risk, users are allowed to hedge using exchange-traded foreign exchange derivatives. How...
What does the Cash Budget Method primarily help in determining?
Which of the following motivation theories suggests that individuals are motivated by the need to fulfill a hierarchy of needs, ranging from physiologic...
Which of the following is not a typical feature of Money Market instruments in India?
.......... represents that quantity of material which is normally ordered when a particular material reaches the ordering level.