Which commodities earn maximum foreign exchange for India?
International trade has under gone a sea change in the last fifteen years. Exchange of commodities and goods have been superseded by the exchange of information and knowledge. India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology. I HOPE IT HELPS U :)
To trade in commodities, you need to go through an authorized commodity exchange. In India, there are three main multi-commodity exchanges - the National Commodity and Derivative Exchange, the Multi Commodity Exchange of India Ltd and the National Multi Commodity Exchange of India Ltd. All the three exchanges have established electronic trading systems.
If you are on an Indian passport you can take INR50,000 into India. If you are on any other passport you may NOT take in any Indian rupees into the country. All foreign currency you take in must be foreign. This rule however is rarely enforced however a risk adverse traveler would be best to take in USD and then exchange it once across the boarder.
Most foreign exchange students in the US come from China and India. Students come from these countries for higher education, since the US has a better education system than both of these countries. You will not see as many exchange students from Canada, Australia, or Europe because most of these countries have better education systems than the US.
The Taj Mahal is place visited by a lot of tourists. Many foreigners visit India to see the Taj. This effects the foreign reserves of our country as they buy tickets is dollars they have to exchange dollars for rupees in India to stay. As they stay in Hotels, buy stuff, need transport to move around, they have to exchange dollars which increases our foreign reserves. And this results in the increase of the value…
Commodities are natural resources like oil, gold, natural gas and more. You can trade commodities םn special exchanges just like a stocks. Answer: The exchange of raw or primary products is referred to as commodity trading. Commodity trading takes place on regulated commodities exchanges and offers an excellent opportunity to retail investors who want to diversify their portfolios beyond shares, bonds, and real estate. Currently, there are three multi-commodity exchanges in India and all of…
Such statements cant be made. it depends on the economy. To maintain a fixed exchange rate a country is required to have good foreign exchange reserves so that every time currency moves away from the fixed rate the foreign exchange cab be sold or bought in market. Floating exchange rate is more real as it makes exchange rate according to the strength of the country. Like for India currency is appreciating because country is growing…
What product did the British finally find the chinese people would buy and what problems did it cause?
Britain sold opium to China in return for the many Chinese commodities the British people craved as an alternative to using silver as a medium of exchange. The British had no domestic source of silver, whereas opium from Northeast India was available cheaply in large quantities from the British East India Company.