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● 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.
Which festival is celebrated in Telangana to honor tribal deities Sammakka and Saralamma?
Who conducted X-ray spectroscopic study of a large number of elements and showed that the frequency of X-rays emitted by an element is related to the a...
What is the redemption price of Sovereign Gold Bonds?
According to the World Steel Association, which of the following countries was the global leader in steel production for the year 2020?
With reference to inflation in India, which of the following statements is correct?
To which Gharana does the Indian classical vocalist Pandit Jasraj belong?
Which one among the following is not a blown musical instrument?
Name the Indian lady who headed Pepsico from 2006 to 2018.
Sanchar Saathi portal is an initiative, which aims to enhance the ________________?
Under Prime Minister’s Employment Generation Programme (PMEGP), the subsidy for General category applicants is ___ % of the project cost in rural are...
