Question : In the balance of payment account, unrequited receipts and payments are also regarded as
Option 1: bilateral transfer
Option 2: unilateral transfer
Option 3: capital account transfer
Option 4: invisible transfer
Correct Answer: unilateral transfer
Solution : The correct option is unilateral transfer.
Unrequited payments and receipts are also regarded as unilateral transfers because they only flow in one direction and don't automatically reverse. Sending money, goods or services to a recipient without expecting anything in return is known as a unilateral transfer. Foreign aid is frequently transferred unilaterally, frequently from developed to developing countries.
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Question : Recoveries of loans and advances, borrowings, are an example of ________.
Option 1: non-tax receipts
Option 2: capital receipts
Option 3: revenue receipts
Option 4: tax receipts
Question : What is the full form of NPCI, which is an umbrella organization for all retail payment systems in India?
Option 1: National Payments Corporation of India
Option 2: Non-cash Payments Corporation of India
Option 3: Non-cash Payments Cooperative Inc.
Option 4: Net Payments Company Inc.
Question : Which of the following is considered a capital expense?
Option 1: Payment of salaries
Option 2: Pension
Option 3: Construction of school buildings
Option 4: Subsidies
Question : When was Delhi declared as the capital of India?
Option 1: 1901
Option 2: 1911
Option 3: 1913
Option 4: 1921
Question : Directions: Arrange the following words as per order in the dictionary. 1. Centre 2. Center 3. Central 4. Centrum
Option 1: 2, 1, 3, 4
Option 2: 2, 3, 4, 1
Option 3: 3, 2, 1, 4
Option 4: 2, 3, 1, 4
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