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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.
Ti plasmids are found in which of the following
Sea tides show variations because of:
Food Safety Management System related Documents and Records which are mandatory are:
Agricultural economists which are involved in price determination & market channels are known as………………….
Chiasmata formation takes place during which stage of Prophase I?
Somatic reproduction is also called:
A scheme launched in the year 2016, provides insurance coverage and financial support to the farmers in the event of failure of any of the notified cro...
For each unit increase in pH the activity of Fe3+ decreases by:
Agricultural fields which are used as rainfed storage structures called?
____ is used for measuring the draft of agricultural implements.