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.
Which of the following has recently been added to the UNESCO list of intangible cultural heritages of humanity
In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
When is Indian Organ Donation Day observed to promote awareness about organ donation and commemorate the generosity of donors?
Which instrument is predominantly used in the music of the Bauls?
RBI can issue any amount of notes on the basis of reserves maintained in the form of
Which country is also known as the land of pagodas?
Who was the first Indian bodybuilder to win the Mr.Universe title?
Nahar Wildlife Sanctuary is located in which state of India?
Which Indian city will soon get its first robocop?
Which of the following is not a member of SAARC (South Asian Association for Regional Corporation)?
