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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.
How long must an insurer maintain the record for an insurance agent as per the Insurance Act?
Mala fide means____________
Section 25 of the Code of Civil Procedure. 1908 deals with________.
Doctrine of Frustration of contract is laid down under which section of the Contract Act?
An amendment to the constitution is__________.
The President of India is elected indirectly by the electoral college consisting of the elected members of the:
According to the Contract Act A person who untruly represents himself to be the authorized agent of another, and thus, includes a third person to deal w...
No suit shall be instituted against Central Government until expiration of ______ after notice in writing has been delivered to the Secretary of Central...
Quality Council of India was established in which year?
Doctrine of basic structure was laid down in the famous case of