Question
As per the RBI's latest Report on Currency and Finance
(RCF), what is projected to be a key factor sustaining the growth in remittances to India, expected to reach $160 billion by 2029?Solution
The RBI's Report on Currency and Finance predicts a significant increase in remittances to India, expecting them to reach $160 billion by 2029, up from $115 billion in 2023. This growth is attributed to several factors that bolster India's position as the top receiver of global remittances. Key among these is the high global demand for Indian workers, which, coupled with ongoing skill upgrades, is anticipated to continuously boost inward remittances. Additionally, India's demographic advantage, with its working-age population expected to rise until 2048, contrasts with the declining working populations in major advanced economies, further reinforcing this trend. The report also notes the decreasing cost of sending remittances globally, facilitated by advancements in digitalization, which improves the efficiency of remittance services but is not cited as the primary sustaining factor. Thus, option C is the correct answer, as it directly contributes to the anticipated growth in remittances, aligning with the other positive indicators mentioned in the RCF.
The item "Butter" is marked up by Rs. 490 above the cost price. Subsequently, a discount is applied, resulting in a 12% profit for the entire transactio...
A purchased an article for Rs 1280. She sold the article at 10% profit. She then added Rs 200 to the amount received and purchased a purse such t...
Marked price of an article is Rs.260 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
Two articles P and Q were sold at 20% profit and 25% loss respectively. If the cost price of Q is Rs. 180 and the net profit on the deal is Rs. 6, find ...
The profit earned by selling an article for Rs. 4,800 is 5/8th the loss incurred on selling the same article for Rs. 3,200. Find the selling price of th...
A shopkeeper priced an item at Rs. 640 above its original cost and then sold it at a 25% discount, resulting in a 35% profit. Calculate the cost price o...
Vendor ‘P’ sold goods for Rs. 1500 at a profit of 25%. Another vendor ‘Q’ earned 40% more profit than ‘P’. Find Q’s profit percentage if c...
- If the total cost of 6 notebooks and 4 pencils is Rs. 240 and the total cost of 5 notebooks and 3 pencils is Rs. 195, then find the cost of 7 notebooks.
P purchased a book from registered store and gets 20% discount while Q purchased the same book from a roadside stall and got 24% discount. If Q paid Rs....
A shopkeeper uses a 900 g weight instead of 1 kg and sells goods at the cost price per kg. Find his profit %.
Relevant for Exams:
