Question
Consider the following statements: I.
India’s overall (merchandise plus services) exports increased from USD 52.8 billion in June 2021 to USD 64.9 billion in June 2022. II. The overall (merchandise plus services) imports increased from USD 52.9 billion in June 2021 to USD 82.4 billion in June 2022. III. To boost the exports Foreign Trade Policy (2015-20) was extended upto 30-09-2022. Which statement/statements is/are incorrect?Solution
- India’s overall (merchandise plus services) exports increased from USD 52.8 billion in June 2021 to USD 64.9 billion in June 2022.
- India’s overall (merchandise plus services) imports increased from USD 52.9 billion in June 2021 to USD 82.4 billion in June 2022.
- Government took following measures to boost exports:
CSR stands for
A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
Noting charges are ultimately borne by the:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
The party who is entitled to receive the payment of a bill of exchange is called the:
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
The person who draws a bill of exchange is called the:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
