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Consider the following statements.
1. In 2020-21, India has seen surplus in both current account and trade account.
2. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements.1. In 2020-21, India has seen surplu...
India’s current account in the balance of payments ended in a surplus to the extent of 0.9 per cent of GDP in FY ’21 for the first time in 17 years as trade deficit narrowed due to contraction in pandemic induced import demand. But as the economy opened up in the latter parts of the year, the fourth quarter ending March’21 ended in a deficit.
A depository is an organization which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered depository participant. It also provides services related to transactions in securities.
At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with SEBI.
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Consider the following statements.1. In 2020-21, India has seen surplus in both current account and trade account.2. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements.1. In 2020-21, India has seen surplus in both current account and trade account.2. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. In 2020-21, India has seen surplus in both current account and trade account.2. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. In 2020-21, India has seen surplus in both current account and trade account.2. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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