Question
Which of the following is a component of Current
Account of Balance of Payment?Solution
Interest payment on loan comes under Current Account but loan itself (principle) comes under Capital Account. Current account- Export and imports of both goods and service, income from profit, interest and dividend, remittances, donation, gifts Capital Account- investment (FDI, FPI), Loan (Sovereign loan or External Commercial Borrowing), NRI accounts (FCNR) ECB or External Commercial Borrowing allows companies to raise capital from abroad in foreign currency. It is also a kind of loan and written under Capital Account.Â
The Asian Development Bank (ADB) has approved a $200 million loan to strengthen flood and riverbank erosion risk management along the 650 kilometers (km...
Which Union Minister released the Assessment of Logistics Cost in India report in New Delhi?
A web portal E-Amrit is designed by which commission in India?
For the first time India’s equity market is ranked at ________ in the world in terms of market capitalisation.
What percentage of assets does Tata AIA's Rising India Fund aim to allocate towards equity and related instruments to achieve capital appreciation?
PM Narendra Modi inaugurated the Prime Minister's museum dedicated to all the PM’s of different countries, in which part of India it is being inau...
Consider the statements about Controller General of Accounts (CGA)?
I. CGA is the Principal Accounting Adviser to the Government of India.
...Which bank has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federat...
Which state government started the flagship scheme “Orunodoi” aimed at providing financial security to financially disadvantaged families?
At least 6 journalists were killed and 121 media houses were targeted in India in 2021, according to an India Press Freedom Report 2021. This report was...
