Question
India is a consumption led economy whereas China
is an investment led. Which of the following statements are correct? i. India has current account deficit ii. Normally China has trade surplus iii.Problems in world trade will affect China more adverselySolution
China is an investment led economy so it produces lot of goods and services for export market. Thus there will be trade surplus for China. On the other hand, India is consumption driven economy. High consumption is partly filled by imports. Therefore, India is having a current account deficit. If world trade declines, it will more adversely affect China as its export income will reduce.
What does section 6 of the Income Tax Act deal about?
In relation to Accounting for Investments, which of the following statements is/are correct?
Statement-1: The carrying amount for long-term inves...
If the organization has redeemed its preference shares, then this transaction will be reflected in the Cash Flow Statement under which of the activities?
Which of the following is not a source of long-term finance?
The DuPont Analysis uses the following ratios except:
Which of the following is not an accounting equation?
If rights and beneficial interest in a property is transferred but documentation and legal formalities are pending then seller & purchaser should recor...
ABC analysis is mainly used for:
Company A and Company B merge to form Company AB. Assets and liabilities are taken over at book value, and shareholders of both companies continue to ha...
In relation to Accounting Standards, Which of the following statement is incorrect?
Relevant for Exams:
