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● 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.
The simple interest earned on a principal of Rs. 6400 at an annual interest rate of (p + 4)% for 3 years is the same as the simple interest earned on a ...
The total investment by P and Q is Rs. 7500. P invests his amount at a simple interest rate of 30% per annum for 4 years, while Q invests his amount at ...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1200 and Rs...
Anjali invested Rs.6000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from t...
If the ratio of the sum invested and simple interest received after 1 year is 20:9 respectively, then find the rate of interest.
If interest is compounded half-yearly, then find the compound interest on Rs. 8,000 at the rate of 20% per annum for 1 year.
Shivam invested 20000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.23200. What is t...
The difference between compound interest and simple interest at rate of 26% per annum for 2 years is Rs. 507. Find the simple interest obtained on same ...
Sneha deposited Rs. ‘R’ in a bank offering compound interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from t...
