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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.
Which category of agroforestry systems encompasses the integration of different farming components such as vegetables, pulses, oilseed crops, and cereal...
An aggregation of trees occupying a specific area that is sufficiently uniform in composition, age, arrangement, and condition, distinguishing it from a...
Which of the following thinning methods starts from the suppressed class and progresses to the dominated class?
The most suitable irrigation method for horticultural trees is ___
What is the scientific name of Silver Oak?
Bamboos are a diverse group of mostly evergreen perennial flowering plants making up the subfamily Bambusoideae of the grass family Poaceae. Dendrocal...
ICAR- Central Agroforestry Research Institute is located at
This practice involves the removal of one-year shoots or fresh growth from the entire crown of a tree or plant. This practice is often performed to obta...
What is an ‘Improvement felling’ in the context of forestry?
Downy mildew or green ear disease of bajra is caused by
