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India maintained its dominance in the world services trade in FY22. Despite pandemic-induced global restrictions and weak tourism revenues, India’s services exports stood at USD 254.5 billion in FY22 recording a growth of 23.5% over FY21 and registered a growth of 32.7% in April-September 2022 over the same period of FY22. Hence, statements 1 and 3 are not correct. Software and business services together constitute more than 60% of India’s total services exports and exhibited strong growth during Q2FY23. While strong revenues in major information technology (IT) companies from various segments such as retail and consumer business; communications and media; healthcare; and banking, financial and insurance services drove the growth in software exports, a significant pick-up in engineering, and research and development related services boosted the growth in business services exports during the quarter. Hence, statement 2 is correct.
Arrangement made for the likely loss in the profit and loss account while finalizing accounts of banks is known as...............................
In a financial year, an individual investor can invest can invest in the relaunched Kisan Vikas Patra up to a sum of
Which of the following statements is / are true?
I. NEFT settlement takes place at a particular point of time. (Six times a day during the w...
Axis Bank has its Head office in __________ and Registered office in _________ .
Payment Banks can accept deposits upto ___________per account from individuals and small businesses.
BIFR stands for
Which of the following is true about Cash Credit (Bank Loan)?
I. Cash credit is an arrangement whereby the bank allows the borrower to draw am...
.________ is termed as a corporate or an individual borrower who despite having the capability to repay money does not cough up money.
A Scheduled Bank is included in the
Current Repo rate is ________.