Which one of the following is contributing to large amount of foreign exchange?

Which one of the following is contributing a large amount of foreign exchange?

Export of hardwares and softwares.

Which one of the following is the largest foreign exchange earner of India?

And the exchange value can be determined by the market. Complete answer: Out of the given options, the industry in which India earns its maximum foreign exchange is Iron industry.

What are the major participants of the foreign exchange market?

Participants in Foreign exchange market can be categorized into five major groups, viz.; commercial banks, Foreign exchange brokers, Central bank, MNCs and Individuals and Small businesses.

Which of the following is the biggest contributor in foreign exchange reserve?

India’s foreign exchange reserves are mainly composed of US dollar in the forms of US government bonds and institutional bonds. with nearly 5.91% of forex reserves in gold. The FCAs also include investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.

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Which is the second largest foreign exchange earner in India?

Indian Economy

At present, gems and jewellery is the second largest foreign exchange earner in the country surpassing even what was earned by the textile and apparel sector.

Which industry earns the first highest net foreign exchange from the trade?

Agriculture leads net foreign exchange earnings.

Which of the following is international trade?

Explanation: International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.

Which is the most important source of income for government of India?

Source of Tax Revenue

Corporation tax is the biggest source of revenue for the government. Public and private companies registered under the Companies Act, 1956, are liable to pay corporation tax. Corporation tax is levied on the net income of the company.

Who are the 4 market participants?

There are four kinds of participants in a derivatives market: hedgers, speculators, arbitrageurs, and margin traders. There are four major types of derivative contracts: options, futures, forwards, and swaps.

Who participate in foreign exchange?

Types of Market Participants in Forex Market

  • Forex Dealers. Forex dealers are amongst the biggest participants in the Forex market. …
  • Brokers. The Forex market is largely devoid of brokers. …
  • Hedgers. …
  • Speculators. …
  • Arbitrageurs. …
  • Central Banks. …
  • Retail Market Participants. …
  • Authorship/Referencing – About the Author(s)

What is the main source of foreign currency?

Tourism industry generates substantial benefits for both host countries and tourist’s home country. It is the main source of foreign exchange earning and an important factor in the development of industries and international trade. It plays an important role in economic and technological development of nations.

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What are the major source of foreign currency?

Three sources of supply of foreign exchange are :

  • Exports: Exports of goods and services is an important source of supply of foreign exchange.
  • Grants and donations from rest of the world: A significant amount of foreign exchange flows from rich to poor countries by way of grants and donations.

Which of the following items raises the supply of foreign exchange?

Exports of goods and services:Supply of foreign exchange comes through exports of goods and services. Foreign investment: The amount, which foreigners invest in their home country, increases the supply of foreign exchange.