Question
The US Federal Reserve has announced an increase in
interest rates to combat rising inflation. This has led to an appreciation of the US dollar against other major currencies. What is the likely impact of the US dollar appreciation on the current account balance of the United States?Solution
When the US dollar appreciates, US exports become more expensive for foreign buyers, and imports become cheaper for US consumers. This leads to a decrease in exports and an increase in imports, worsening the current account balance.
Under the Indian Contract Act, a collateral contract that involves an illegal object but is signed voluntarily by both parties is later disputed.
Which challenge was posed by Over-the-Top (OTT) services to the traditional Indian telecom services?
Maximum number of partners allowed in a partnership firm is:
Which of the following statement is true?
Minimum number of directors required in a public company is:
The registered office clause of memorandum of association contains
An "Agreement to sell" becomes a "Sale" when:
The doctrine of 'Ultra Vires' is applicable to:
What will be the P/V ratio for the firm with the following sales and profit during last two years:
Under the Companies Act, 2013, which document defines the relationship between the company and its members?
