Question
Which of the following are part of transfer
payments? 1. Remittances received by people residing in India 2. Imported Petro-Chemical products. 3. Grants from multilateral institutions. Select the answer from the code given below:Solution
● Option 1 is correct: Transfer payments are the receipts which the residents of a country get for free without having to pay for any goods or services. They Include migrants’ transfers by way of remittances for family maintenance, repatriation of savings and transfer of financial and real resources linked to change in resident status of migrants. ● Option 2 is Incorrect: Transfers payments represent one-sided transactions, i.e., transactions that do not have any quid pro quo. Since payments have to be made for the imported material, it does not form the part of Transfer payments. ● Option 3 is correct: Official transfer receipts record grants, donations and other assistance received by the Government from bilateral and multilateral institutions. Similar transfers by Indian Government to other countries are recorded under official transfer payments.
Select the option in which the words share the same relationship as that shared by the given pair of words.
Wheel : Spoke
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Select the pair of words from the given options that shares a similar relationship as:
Pressure : Barometer.
Select the option in which the numbers shares the same relationship as that shared by the given pair of numbers.
(73, 78, 93)
Select the option in which the words share the same relationship as that shared by the given pair of words.
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Select the option in which the words share the same relationship as that shared by the given pair of words.
Horses : Neigh
Select the option in which the numbers share the same relationship as that shared by the given pair of numbers.
76 : 171
Select the option in which the words share the same relationship as that shared by the given pair of words.
Lotus : Flower
Deepak introduces Raju saying, "He is the husband of the granddaughter of the father of my father." How is Raju related to Deepak?
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