Assertion (A): Balance of Payments represents a better picture of a country economic transactions with the rest of the world than the Balance of Trade.

Reason (R): Balance of Payments takes into account  the exchange of both visible and invisible items whereas balance  of trade does not.

Which one of the following countries is not a member of ASEAN?

Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005:

1. Under the provisions of the act, 100 days of employment in a year to every household whose adult member volunteer to do unskilled manual work has become a Fundamental Right.

2. Under the provisions of the act, women are to get priority to the extent that one-half of persons who are given employment are woman who have asked for work.

Which of the statement(s) given above is/are correct?

Consider the following statements:

1.The agreement on the South Asian Free Trade Area (SAFTA) came into effect from 1st December, 2005.

2. As per SAFTA agreement terms, India, Pakistan, and Sri Lanka have to decrease their custom duties to the level of 0 to 5% by the year 2013.

Which of the statement(s) given above is/are correct?

Consider the following statements:

1. In India, during the financial year 2004-2005, an increase of below 10% over the value of exports (in rupee terms) in the financial year 2003-2004 was reported.

2. According to the WTO, India share in the world merchandise exports crosses 2% in the year 2005.

Which of the statement(s) given above is/are correct?

Consider the following statements:

$1$. Life Insurance Corporation of India is the oldest insurance company in India.

$2$. National Insurance Company Limited was nationalized in the year $1972$ and made a subsidiary of General Insurance Corporation of India.

$3$. Headquarters of United Indian Insurance Company Limited is located in Chennai.

Which of the statements given above are correct?

Which one of the following is the correct statement?

Service Tax is a/an:

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?