India has the largest emigrant population and is the top remittance recipient country with remittances anticipated to reach a milestone of USD 100 billion in 2022 according to the World Bank. Hence, statement 1 is correct and statement 3 is incorrect. Remittances are the second largest major source of external financing after service export, which contributes to narrowing the CAD (Current Account Deficit) and has always been a stable constituent of the BoP (Balance of Payments). Hence, statement 2 is not correct.
Depreciation would be classified as:
Nomination facility in case of lockers is described in
For imports, how many out of the 15 ports showed a reduction in average release time in 2024 compared to 2023, as per the National Time Release Study (N...
Which theory assumes that the average human being has an inherent dislike of work, that most people must be threatened to get them to put forth adequate...
Which of the following best describes financial arbitrage?
NaBFID was set up as a DFI that is Regulated and Supervised as AIFI by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 193...
Who was ranked as the top central banker globally for the second consecutive year by Global Finance magazine in 2024?
What was the increase in the insurance density in India in FY24 as per economic survey 2023-24?
Which of the following best describes “garden leave”?
The term float is used in:
