Question : Which of the following statement is correct?
- Borrowings from rest of the world contribute to supply of foreign exchange to India.
- Grants and donations from rest of the world only result in demand of foreign exchange.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
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Answer (1)
24th Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution :
Borrowings from rest of the world contribute to supply of foreign exchange to India.
Grants and donations from rest of the world only result in supply of foreign exchange.
Hence option C is correct .
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