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Start learning 50% faster. Sign in now● Statement 1 is incorrect: Balance of Payment refers to the economic transactions occurring between the residents and the non-residents of a country. It does not include the concept of citizens and non-citizens. The Balance of Payment is composed of two components: Current Account Visibles (Goods) Invisibles (Services, Income in the form of Interest, profit, dividend, and Transfer Payment: remittances, donations, etc) o Capital Account Investment like FDI or FPI Loans Bank deposits or Foreign Currency Nonresident Accounts. ● Statement 2 is correct: Trade protectionist policy of a country aims at reserving the economy and market for the residents or locals. It prohibits imports from other countries. Such a policy of USA is bound to decrease India’s exports and hence would lead to deficit in the Current Account as trade in invisibles and visibles forms a part of the Current Account.
Statements:
All Onion are Potato.
No Potato is Tomato.
All Tomato are Cabbage.
Conclusions:
I. All Potato be...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Statements:
100% King are Queen
Some Army are Queen
No Queen are Soldier
Conclusions:
I. Some Soldier are Army
II. At least Some King are Army
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
All foxes cannot be huts. No look is a hut.
Statements: Some laptop are phone.
All phone are tablet.
Conclusions: I. ...
Statements: Some doors are windows.
All houses are windows.
No mirror is a door.
Conclusions: I. Some doors are mirror
...In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
