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● Statement 1 is incorrect: Balance of Payment refers to the economic transactions occurring between the residents and the non-residents of a country. It does not include the concept of citizens and non-citizens. The Balance of Payment is composed of two components: Current Account Visibles (Goods) Invisibles (Services, Income in the form of Interest, profit, dividend, and Transfer Payment: remittances, donations, etc) o Capital Account Investment like FDI or FPI Loans Bank deposits or Foreign Currency Nonresident Accounts. ● Statement 2 is correct: Trade protectionist policy of a country aims at reserving the economy and market for the residents or locals. It prohibits imports from other countries. Such a policy of USA is bound to decrease India’s exports and hence would lead to deficit in the Current Account as trade in invisibles and visibles forms a part of the Current Account.
अपराह्न 1 बजे से रात्रि 10 बजे तक चलते हुए एक घड़ी की घण्टे की �...
How many steps will be required to get the final output from the following input?
Input: 183 35 553 201 273 249 511 91
Seven persons G, H, I, J, K, L, and M have different number of pens. Only J has more pens than K. L has more pens than M and G. G has more pens than I. ...
Which of the Programming Language is not in use now?
The following series is based on the English alphabets. Which one of the following will come in place of the question mark in the given alphabetical ser...
If all the prime digits of the number 8672865978 are written first (in increasing order) followed by even digits(in increasing order) and then odd digit...
Rs. 1000 was partly lent at 6% & remaining at 8% S.I. If total interest received from both was Rs. 150 in 2 years. Then find the amount kept at 6% S...
Which of the following combination is true?