UPSC 2004 › Indian Economy › External Sector & Balance Of Payments

2 questions · 2004 · answers as per the UPSC key

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UPSC 2004 · Q23 · Indian Economy › External Sector & Balance Of Payments · Save

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?

(a) Chemicals other than fertilizers
(b) Services sector
(c) Food processing
(d) Telecommunication
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Answer: (d) Telecommunication
UPSC 2004 · Q75 · Indian Economy › External Sector & Balance Of Payments · Save

Assertion (A): For the first time, India had no trade deficit in the year 2002-03.

Reason (R): For the first time, India's exports crossed worth $50 billion in the year 2002-03.

(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 the 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: (d) A is false but R is true