Start learning 50% faster. Sign in now
● Statement 1 is correct: According to Status Report on India’s External Debt 2021-22, released by The External Debt Management Unit (EDMU) India’s external debt stood at 620.7 billion USD by the end-March 2022. The major component of which was the External Commercial Borrowings followed by the NRI deposits. External Commercial Borrowings or ECBs are a part of the Capital Account of the Balance of Payment (BOP). ECBs are loans availed by Indian corporations and public sector Undertakings by foreign entities. ● Statement 2 is incorrect: The loans availed cannot be used for the investment in the Indian stock market and the speculation activities in the real estate sector. The regulation of the External Commercial Borrowings is done by the Ministry of Finance and the Reserve Bank of India.
What is the IUPAC name of the organic compound depicted in the figure?
Which traditional dye-painted figurative and patterned textile received the Geographical Indication (GI) tag in 2021?
What event does the Reserve Bank of India celebrate on 1st April?
S. Hareesh who won a JCB Prize for Literature for 2020 is a/an ______ author.
Buddhism made an important impact by allowing which of the following hitherto marginalized sections of society into its fold?
A. Women
B. ...
Which of the following is essential to form haemoglobin in blood?
Which Indian state is renowned for the distinctive Longpi (Nungbi) Pottery, known for being crafted without a potter's wheel?
Which of these statements accurately describe the annual budget presented by Odisha for FY 2024-25?
A.Chief Minister Mohan Charan Majhi announced...
Who won the Startup of the year at the ET Startup Awards 2022?
Who became the first Indian Air Force pilot to perform a wingsuit skydive jump? S/he achieved this feat in July 2019.