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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.
Which of the following is an example of a risk transfer technique?
Conditions imposed by the lender on the borrower that certain activities will or will not be carried out are called…………
Which of the following in incorrect regarding Kanban?
What is the primary characteristic that distinguishes common equity from preferred equity in the capital markets?
Pey Jal Survekshan will serve as a monitoring tool and an accelerator for the AMRUT Mission while also fostering healthy competition among cities. Mini...
What is the target of fiscal deficit as a percentage of the GDP, for FY24-25, as per the Union Badget 2024-25?
In personal development, how does ethics contribute to decision-making?
K Enterprises follows the written down value method of depreciating machinery year after year due to which of the following:
When the Spot price of a Call Option is less than the Strike Price of an Option, the Option is said to be _________
As per the Economic Survey 2023-24, which sector's GVA grew by 9.9% in FY24?