Start learning 50% faster. Sign in now
A balance of payments surplus means the country exports more than it imports. Its government and residents are savers. They provide enough capital to pay for all domestic production. They might even lend outside the country. A surplus boosts economic growth in the short term. That's because it's lending money to countries that buy its products. That boosts its factories, allowing them to hire more people. In the long run, the country becomes too dependent on export-driven growth. It must encourage its residents to spend more. A larger domestic market will protect the country from exchange rate fluctuations. It also allows its companies to develop goods and services by using its own people as a test market.
The headquarters of CSIR is located in:
What is the percentage increase in the tribal welfare budget allocation for 2025-26 compared to the previous year?
Army Day is celebrated on:
Which of the following is covered by Article 243D of the Indian Constitution?
Which country has the highest number of Ramsar wetland sites in Asia as of 2025?
Who was the first woman chairman of SEBI?
Which ocean contains the Java Trench, the deepest point in its basin?
On which date will National Technology Day be celebrated in India?
What is the primary focus of the NPS Vatsalya scheme to be launched by the Union Finance Minister on September 18, 2024?
Which country topped the list in Inclusive Development Index among emerging economies?