Correct Answer : Option (D) - consumer's sovereignty
Correct Answer : Option (A) - $24.16 Billion
India’s merchandise exports in August 2023 declined by 6.86% to $34.48 billion compared to $37.02 billion in August 2022. The decline is evident in key sectors like Non-petroleum and non-gems and jewellery. India’s trade deficit for August 2023 narrowed to $24.16 billion, showing a 2.8% improvement from the $24.86 billion deficit in the same month last year (2022).Merchandise Imports Dip : Imports of merchandise also saw a decrease, down by 5.23% to $58.64 billion from $61.88 billion in August 2022.Trade Deficit Narrows :* Despite the decline in both exports and imports, India’s trade deficit for August 2023 narrowed to $24.16 billion, showing a 2.8% improvement from the $24.86 billion deficit in the same month last year.
April-August Trends :* In the April-August period of 2023, merchandise exports contracted by 11.9% to $172.95 billion.* Merchandise imports also fell by 12% to $271.83 billion during the same period.Services Sector :* In August 2023, services exports were estimated at $26.39 billion, slightly down from $26.50 billion in August 2022.* Services imports for August 2023 stood at $13.86 billion, down from $15.22 billion in August 2022.Services Sector Growth (April-August) :* Services exports for the period from April to August 2023 reached $133.38 billion, reflecting a positive growth rate of 5.14% compared to the same period in the previous year.* Services imports for the same period stood at $71.98 billion.
Sectoral Highlights :* Notable sectors with substantial growth in merchandise exports in August 2023 included Iron Ore (1556.09%), Oil Meals (57.26%), and Electronic Goods (26.29%).* Electronic goods exports surged to $2.17 billion in August 2023, compared to $1.72 billion in August 2022, with substantial growth of 35.22% over the April-August 2023 period.Challenges in Imports :* Merchandise imports faced challenges in August 2023, with 15 out of 30 key sectors experiencing negative growth.* Notable sectors with declining imports included Silver (-78.15%), Cotton Raw & Waste (-74.67%), and Fertilisers (-55.69%).Overall Trade Performance (August 2023) :* India’s overall exports, including both merchandise and services, stood at $60.87 billion in August 2023, reflecting a 4.17% decline compared to August 2022.* Imports for the same period totaled $72.50 billion, decreasing by 5.97% year-on-year, resulting in an overall trade deficit of $11.63 billion for August.
Correct Answer : Option (C) - Rs 1,09,947.86 Crores
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with weak trend in equities.Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent.From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation.The valuation of State Bank of India tumbled Rs 38,197.34 crore to Rs 5,11,603.38 crore.Shares of State Bank of India on Friday (4th August 2023) fell by nearly 3 per cent after the company's first quarter earnings failed to cheer investors.
The market capitalisation (mcap) of ICICI Bank eroded by Rs 17,201.84 crore to Rs 6,79,293.90 crore.ITC's valuation tanked Rs 16,846.18 crore to Rs 5,66,886.01 crore and that of Bajaj Finance fell by Rs 14,366.34 crore to Rs 4,32,932.18 crore.The mcap of Reliance Industries went lower by Rs 11,806 crore to Rs 16,98,270.74 crore and that of Hindustan Unilever declined by Rs 9,069.42 crore to Rs 5,98,299.92 crore.Bharti Airtel's valuation dipped by Rs 2,460.74 crore to Rs 4,97,908.56 crore.However, the mcap of TCS jumped Rs 31,815.45 crore to Rs 12,59,555.25 crore.Infosys added Rs 15,791.49 crore taking its valuation to Rs 5,72,062.52 crore. The mcap of HDFC Bank climbed Rs 7,080.63 crore to Rs 12,47,403.26 crore.Reliance Industries remained the most valued firm of the country, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance..Source : Times of india