UPSC 2000 › Indian Economy › External Sector & Balance Of Payments

2 questions · 2000 · answers as per the UPSC key

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UPSC 2000 · Q29 · Indian Economy › External Sector & Balance Of Payments · Save

Consider the following statements: The Indian rupee is fully convertible

I. In respect of Current Account of Balance of Payment. II. In respect of Capital Account of Balance of Payment. III. Into gold.

Which of these statements is/are correct?

(a) I alone
(b) III alone
(c) I and II
(d) I, II and III
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Answer: (a) I alone
UPSC 2000 · Q88 · Indian Economy › External Sector & Balance Of Payments · Save

Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991.

Reason (R): The Government of India has resorted to devaluation.

(a) Both A and R are true, and R is the correct explanation of A
(b) Both A and R are true, but R is not a correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
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Answer: (b) Both A and R are true, but R is not a correct explanation of A