Question
Consider the following statements about the balance of
payments (BoP): 1. BoP records all transactions between residents of a country and the rest of the world. 2. A current account surplus means a country imports more goods than it exports. 3. BoP always balances as it includes current account, capital account, and errors and omissions. Which of the above statements are correct?Solution
BoP records all international transactions (statement 1). A current account surplus indicates more exports than imports (statement 2 is incorrect). By definition, BoP always balances (statement 3).
Recently Prasar Bharati launched its new logo.Which one of the following components is signified by the central circle and map of India used in the logo?
As of 2025, how many Ramsar sites does India have, making it the largest in Asia?
Why was Kozhikode recently inducted into the WHO’s Global Network of Age-friendly Cities?
Which of the following was constituted as a famine commission during British rule in India?
1. Campbell Commission.
2. Sadler Commission.<...
Recently which of the following startup signed a pact with TATA Steel for drone-based mining solutions for effective mine management?
What was the estimated tiger population in the Sundarbans Tiger Reserve at the time of expansion?
To give the real experience of earthquake tremors to visitors and a look into the devastating earthquake that hit the country in 2001, an earthquake and...
On what day is World Meteorological Day celebrated annually?
As per RBI data, what was the total value of India’s external debt at the end of March 2025?
Consider the following statement:
I. Bilateral Trade between India and the GCC registered an increase of 77.6% on a year-on-year basis in FY 2021...
