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.
A sum of Rs.8 is lent to be returned in 9 months installments of Rs.1 each, interest simple. The rate of interest is: -
The interest earned on investing Rs. 1000 for 2 years at the rate of 20% p.a., compounded annually, is used to purchase an article. If the article is la...
Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he withdrew the principal amount plus invested the entire amount...
The difference between compound interest and simple interest at the same rate for Rs. 1800 for 2 years is Rs. 18. The rate of interest per annum is:
A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
- Neha deposits Rs. 9,000 at a simple interest rate of 7% per annum for 5 years. What amount will she get at the end of the term?
A and B started a business with initial investments of Rs. 25000 and Rs. 30000 respectively. After one year, a profit of Rs. 11000 is earned. A being a ...
Rs. 5,200 is split into two parts. One part is invested at a simple interest rate of 12% per annum, while the other part is invested at a compound inter...
A sum of Rs. 'p' is invested at a compound interest rate of 15% per annum, compounded once every 8 months. After 16 months, the t...
Some amount out of Rs.12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amoun...