UPSC CSE Prelims

External Sector and Trade question bank (Indian Economy)

Practice 24 free UPSC CSE Prelims Indian Economy - External Sector and Trade questions with answers and step-by-step solutions.

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Q1.

Which of the following transactions is recorded on the credit side of India's Current Account in the Balance of Payments?

Topic: Balance of Payments | Source: AI Generated (UPSC CSE Prelims) | Status: pending review

(A)

Import of defence equipment from France

(B)

Remittances sent by Indians working abroad to their families in India

(C)

Purchase of shares in a US tech firm by an Indian resident

(D)

External commercial borrowings raised by an Indian corporate

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Q2.

Consider the following components: 1. Trade in goods (Merchandise) 2. Trade in services (Invisibles) 3. External Assistance and Loans 4. Foreign Direct Investment (FDI) Which of the above are included in the 'Current Account' of the Balance of Payments?

Topic: Balance of Payments | Source: AI Generated (UPSC CSE Prelims) | Status: pending review

(A)

1 and 2 only

(B)

1, 2 and 3 only

(C)

3 and 4 only

(D)

1, 2, 3 and 4

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