Which of the following is NOT a component of the current account of India's balance of payments?
A. Merchandise trade
B. Invisibles (services, income, transfers)
C. Software exports
D. Foreign direct investment
Answer: Option D
Solution (By JKSSB Mock Tests)
Foreign direct investment is recorded in the capital account. Merchandise trade, services (including software), income and transfers form the current account.
The concept of 'Degrowth' in ecological economics advocates:
A.Unlimited economic growth
B.The complete abandonment of all economic activity
C.Only growth in developing countries
D.A planned reduction of energy and resource throughput in high-income countries to bring the economy within ecological limits while improving well-being
Explanation:
Degrowth is a school of thought that calls for a democratically planned downscaling of production and consumption in over-consuming countries in order to achieve ecological sustainability and social justice.
Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.
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