Question
Consider the following information with respect to the
current account gap been reported by the central bank - I.India’s current account deficit (CAD) narrowed sequentially to $8.3 billion, or 1 per cent of gross domestic product (GDP), in the quarter ended September (Q2FY24) due to lower merchandise trade deficit and growth in services exports. II.The net outgo from the primary income account, mainly reflecting payments of investment income, decreased to $9.4 billion in the September 2023 quarter, from $11.8 billion a year ago. III.Private transfer receipts, mainly representing remittances from Indians employed overseas, amounted to $40.3 billion, an increase of 2.6 per cent year-on-year (Y-o-Y). IV.Regarding the balance of payments (BoP) position in Q2FY24, there was an accretion of $2.5 billion to reserves, as opposed to a depletion of $30.4 billion in the year-ago period. Which of the following statements is/are TRUE ?Solution
India’s current account deficit (CAD) narrowed sequentially to $8.3 billion, or 1 per cent of gross domestic product (GDP), in the quarter ended September (Q2FY24) due to lower merchandise trade deficit and growth in services exports.The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12.2 billion in the September 2023 quarter, from $11.8 billion a year ago.Private transfer receipts, mainly representing remittances from Indians employed overseas, amounted to $28.1 billion, an increase of 2.6 per cent year-on-year (Y-o-Y).Regarding the balance of payments (BoP) position in Q2FY24, there was an accretion of $2.5 billion to reserves, as opposed to a depletion of $30.4 billion in the year-ago period.
Which of the following is NOT an autobiography of a sportsperson?
Which is the largest chemical fertilizer producer in India?
Which type of coal is found in Damodar valley?
'Alkap' is a rural dance-drama performance prevalent in the parts of Jharkhand and ________.
What is the maximum limit of remittance under Liberalized Remittance Scheme?
Where is the headquarters of Confederation of Indian Industry (CII) is located?
Who among the following is the ex-officio chairperson of the National Disaster Management Authority
As per the Status of Tigers, 2022 Report released in April 2023, what percentage of the total world wild tiger population does India account for?
Identify the cultural festival on the basis of given clues:
i) This festival brings together craftsmen like potters, embroiderers, weavers, wood ...
The phenomenon of the interaction between nonallelic genes at two or more loci resulting in one gene masking the phenotypic expression of another gene, ...
Relevant for Exams:
