UPSC 2011 › Indian Economy › International Trade & WTO

2 questions · 2011 · answers as per the UPSC key

Take test Free Study this topic: External Sector and Trade
All years of International Trade & WTO · Full UPSC 2011 paper
UPSC 2011 · Q17 · Indian Economy › International Trade & WTO · Save

“A closed economy” is an economy in which

(a) the money supply is fully controlled
(b) deficit financing takes place
(c) only exports take place
(d) neither exports nor imports take place
Show answer
Answer: (d) neither exports nor imports take place
UPSC 2011 · Q59 · Indian Economy › International Trade & WTO · Save

With reference to the period of colonial rule in India, "Home Charges" formed an important part of drain of wealth from India. Which of the following funds constituted "Home Charges"?

  1. Funds used to support the India Office in London.
  2. Funds used to pay salaries and pensions of British personnel engaged in India.
  3. Funds used for waging wars outside India by the British.

Select the correct answer using the codes given below:

(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (b) 1 and 2 only