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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.
Who will be the new head for the Ministry of Minority Affairs as Shri Mukhtar Abbas Naqvi resigns from it?
‘Gatha Swaraj Ki’ was inaugurated as a gallery-cum-exhibition depicting the history of prominent Maratha commanders in ____ state?
Who took over the rotating presidency of the Council of the European Union for six months?
First edition of India-Africa Army Chiefs’ Conclave organised on the sidelines of 2nd Africa-India Joint Exercise ‘AFINDEX’ in which ci...
Who is the Author of Nepali Navel “Phoolange” ?
A Gram Pradhan in Uttar Pradesh is elected -
1. by all the adults living in the territory of the Panchayat
2. by all the voters included i...
The Sunderbans mangrove forest is located in the delta of which river?
Who is the chairman of the Economic Advisory Council to the Prime Minister?
How much monetary penalty did RBI impose on RAR Fincare Limited, Chennai for non-compliance with its directions?
What is the duration of the Second Five-Year Plan in India?