The International Monetary Fund (IMF) defines the Balance of Payments (BoP) as a statistical statement that summarizes economic transactions between residents and non-residents during a specific time period. Which of the following transactions is/are consists of BoP?

1. Transactions in goods, services and income between an economy and the rest of the world.
2. Changes of ownership and other changes in economy’s monetary gold, special drawing rights (SDRs), and financial claims on and liabilities to the rest of the world.
3. Unrequited transfers.

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Consider the following statements regarding the Directorate General of Commercial Intelligence and Statistics (DGCI&S):

1. It compiles and releases monthly export & import data on merchandise trade.
2. It comes under Ministry of Statistics and Programme Implementation.

Which of the statements given above is/are correct?

Consider the following statements regarding the Directorate General of Foreign Trade (DGFT) organization:

1. Its mandate is to formulating and implementing the Foreign Trade Policy with the main objective of promoting India’s exports.
2. It is an attached office of the Ministry of Commerce and Industry.

Which of the statements given above is/are correct?

Which of the following is/are correctly matched?

Committee/Panel                  :                       Significance

1. Ranga Rajan Committee : Balance of Payments
2. Vijay Kelkar Committee : Goods & Service Tax
3. Tarapore Committee : Currency Convertibility

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The Export-Import Bank of India (EXIM) extends Lines of Credit (LOCs) to promote export and imports. Which of the following is/are eligible for EXIM Lines of Credits?

1. Overseas financial institutions
2. Regional development banks
3. Sovereign governments

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Which of the following state taxes is/are subsumed under Goods and Service Tax (GST)?

1. Luxury Tax
2. Entertainment tax and Amusement tax levied by local bodies
3. Taxes on advertisements

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Consider the following statements regarding the buyback tax:

1. The government of India amended the Section 115QA of the Income Tax Act 1961 to introduce tax on buyback of shares.
2. It includes both listed and unlisted companies.

Which of the statements given above is/are correct?

The “Operation Twist” often seen in news is related to which of the following?

The Silver line project, sometimes seen in news is related to which of the following state?

The Utkarsh 2022, sometimes seen in news is related to which of the following?