UPSC 2001 › Indian Economy › External Sector & Balance Of Payments

2 questions · 2001 · answers as per the UPSC key

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UPSC 2001 · Q31 · Indian Economy › External Sector & Balance Of Payments · Save

Assertion (A): Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R): There was a fall in foreign currency assets also.

(a) Both A and R are individually true, and R is the correct explanation of A
(b) Both A and R are individually 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: (c) A is true, but R is false
UPSC 2001 · Q85 · Indian Economy › External Sector & Balance Of Payments · Save

The largest share of Foreign Direct Investment (1997-2000) went to

(a) Food and food product sector
(b) Engineering sector
(c) Electronics and electric equipment sector
(d) Service sector
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Answer: (b) Engineering sector