The 'Contract Labour (Regulation and Abolition) Act' was enacted in which year? MCQ with Answer and Explanation

Explanation:
Remittances from abroad are unilateral transfers and form part of the current account. Capital account includes FDI, portfolio investment and external borrowings.

Explanation:
Economic rent is the surplus paid to a factor over and above its transfer earnings.

Explanation:
The services sector is the largest contributor to India's GDP and has been a major driver of growth, particularly through IT, financial services, trade and tourism.