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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. Why is India having a very strong Balance of Payment?
- a)Increase in Exports
- b)Decrease in Imports
- c)Both (A) and (B)
- d)Neither (A) nor (B)
Correct answer is option 'C'. Can you explain this answer?
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Read the news report given below and answer the question that follow ...
A Balance of Payments surplus means the country exports more than it imports.
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Read the news report given below and answer the question that follow ...
Reasons for India's Strong Balance of Payments
India's balance of payments is projected to be robust due to two key factors: an increase in exports and a decrease in imports. Here’s a detailed breakdown of these contributing elements:
Increase in Exports
- **Recovery in Export Levels**: As of July, India achieved about 91% of its export levels compared to July 2019. This indicates a significant recovery in the export sector.
- **Positive Trends in Key Segments**: Although there were recent declines in sectors like petroleum and textiles, the overall export performance has shown a turnaround, suggesting a potential for growth.
Decrease in Imports
- **Sharp Decline in Imports**: In June, imports fell by 47.59%, leading to a trade surplus for the first time in 18 years. This sharp reduction in imports contributes positively to the balance of payments.
- **Current Import Levels**: As of July, imports were at approximately 70-71% of July 2019 figures, indicating that while imports are down, they are still managed within reasonable limits.
Conclusion
The combination of increased export activity and significantly decreased imports results in a favorable balance of payments. This dual impact not only strengthens India's economic position but also instills confidence in local industries, offering them growth opportunities. Hence, the correct answer to why India is experiencing a strong balance of payments is option 'C': Both (A) and (B).
India's balance of payments is projected to be robust due to two key factors: an increase in exports and a decrease in imports. Here’s a detailed breakdown of these contributing elements:
Increase in Exports
- **Recovery in Export Levels**: As of July, India achieved about 91% of its export levels compared to July 2019. This indicates a significant recovery in the export sector.
- **Positive Trends in Key Segments**: Although there were recent declines in sectors like petroleum and textiles, the overall export performance has shown a turnaround, suggesting a potential for growth.
Decrease in Imports
- **Sharp Decline in Imports**: In June, imports fell by 47.59%, leading to a trade surplus for the first time in 18 years. This sharp reduction in imports contributes positively to the balance of payments.
- **Current Import Levels**: As of July, imports were at approximately 70-71% of July 2019 figures, indicating that while imports are down, they are still managed within reasonable limits.
Conclusion
The combination of increased export activity and significantly decreased imports results in a favorable balance of payments. This dual impact not only strengthens India's economic position but also instills confidence in local industries, offering them growth opportunities. Hence, the correct answer to why India is experiencing a strong balance of payments is option 'C': Both (A) and (B).
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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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. 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. Why is India having a very strong Balance of Payment?a)Increase in Exportsb)Decrease in Importsc)Both (A) and (B)d)Neither (A) nor (B)Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
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