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Read the news report given below and answer the question that follow on the basis of the same:
NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.
He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, will
see opportunities of growth,” he said at a FICCI webinar.
India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.
The country posted a trade surplus of USD 0.79 billion in June.
Q. Consider the following statements:
(i) It will get a lot of investments.
(ii) The government can achieve its development goals.
(iii) Increase the GDP of the economy.
(iv) It is more profitable for the domestic manufacturers.
Which of the following is the true benefit of having a strong Balance of Payment:
- a)i and iii only
- b)iii and iv only
- c)i, iii and iv only
- d)i, ii, iii and iv
Correct answer is option 'B'. Can you explain this answer?
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Read the news report given below and answer the question that follow ...
The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well.
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Read the news report given below and answer the question that follow ...
Understanding the Strong Balance of Payments Benefits
A strong balance of payments (BOP) indicates a healthy economic condition for a country. In the context of the news report, it's essential to analyze the statements provided and identify which benefits are true regarding a strong BOP.
True Benefits of a Strong Balance of Payments:
- Investment Opportunities (i): A strong BOP can attract foreign investments. Investors are more likely to invest in a country where economic indicators, such as exports and imports, show positive trends. Therefore, statement (i) is true.
- Government Development Goals (ii): While a strong BOP can facilitate funding for development projects, it doesn't directly ensure that the government will achieve its development goals. Hence, statement (ii) is not necessarily true.
- GDP Growth (iii): A surplus in the balance of payments often correlates with economic growth. Increased exports and controlled imports can lead to a higher GDP, making statement (iii) true.
- Profitability for Domestic Manufacturers (iv): A strong BOP typically indicates a competitive economy, benefiting domestic manufacturers through enhanced demand for local products. This supports statement (iv) as true.
Conclusion:
Based on the analysis of the statements regarding a strong balance of payments, the correct answer is option 'b' (iii and iv only). This choice reflects the direct benefits associated with a robust BOP, focusing on increased GDP and improved profitability for domestic manufacturers.
A strong balance of payments (BOP) indicates a healthy economic condition for a country. In the context of the news report, it's essential to analyze the statements provided and identify which benefits are true regarding a strong BOP.
True Benefits of a Strong Balance of Payments:
- Investment Opportunities (i): A strong BOP can attract foreign investments. Investors are more likely to invest in a country where economic indicators, such as exports and imports, show positive trends. Therefore, statement (i) is true.
- Government Development Goals (ii): While a strong BOP can facilitate funding for development projects, it doesn't directly ensure that the government will achieve its development goals. Hence, statement (ii) is not necessarily true.
- GDP Growth (iii): A surplus in the balance of payments often correlates with economic growth. Increased exports and controlled imports can lead to a higher GDP, making statement (iii) true.
- Profitability for Domestic Manufacturers (iv): A strong BOP typically indicates a competitive economy, benefiting domestic manufacturers through enhanced demand for local products. This supports statement (iv) as true.
Conclusion:
Based on the analysis of the statements regarding a strong balance of payments, the correct answer is option 'b' (iii and iv only). This choice reflects the direct benefits associated with a robust BOP, focusing on increased GDP and improved profitability for domestic manufacturers.
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Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer?
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Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer?.
Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Read the news report given below and answer the question that follow on the basis of the same:NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, Commerce and Industry; Minister Piyush Goyal said on Monday.He said that “good” green shoots are visible in the economy and exports have shown a “good” turnaround. “We are in July at about 91 per cent export level of July 2019 figures. Imports are still at about 70-71 percent of July 2019. So, broadly our balance of payments this year is going to be very very strong, which is why we feel confident that Indian industry will see opportunities for themselves, willsee opportunities of growth,” he said at a FICCI webinar.India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.The country posted a trade surplus of USD 0.79 billion in June.Q. Consider the following statements:(i) It will get a lot of investments.(ii) The government can achieve its development goals.(iii) Increase the GDP of the economy.(iv) It is more profitable for the domestic manufacturers.Which of the following is the true benefit of having a strong Balance of Payment:a)i and iii onlyb)iii and iv onlyc)i, iii and iv onlyd)i, ii, iii and ivCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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