Ministry of Tourism estimates monthly FEEs through Tourism in India, both in Rupee and Dollar terms based on the credit data of Travel Head from Balance of Payments of RBI. FEEs stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Financial Exchange Earnings
B	Foreign Essential Earnings
C	Funded Exchange Earnings
D	Foreign Exchange Earnings

Explanation:

Detailed explanation-1: -2021 was 95.72%. compared to FEEs of US$ 0.709 billion during the month of August 2021. The growth rate in FEEs in US$ terms in August 2022 over August 2021 was 114.06%. FEE during the period January-August 2022 were US $ 9.555 billion as compared to US $ 5.168 billion in January-August 2021.

Detailed explanation-2: -International arrivals has increased globally 56-folds, from 25 million in 1950 to 1.4 billion in 2018 (United Nations World Tourism Organizations [UNWTO], 2019). In 2019, total international tourist arrival grew at 5 percent; and export earnings generated by such arrivals was USD 1.7 trillion.

Detailed explanation-3: -foreign exchange earnings. Definition English: Proceeds from the export of goods and services of a country, and the returns from its foreign investments, denominated in convertible currencies.

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