UPSC 2013 › Indian Economy › External Sector & Balance Of Payments

3 questions · 2013 · answers as per the UPSC key

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UPSC 2013 · Q41 · Indian Economy › External Sector & Balance Of Payments · Save

The balance of payments of a country is a systematic record of

(a) all import and export transactions of a country during a given period of time, normally a year
(b) goods exported from a country during a year
(c) economic transaction between the government of one country to another
(d) capital movements from one country to another
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Answer: (a) all import and export transactions of a country during a given period of time, normally a year
UPSC 2013 · Q56 · Indian Economy › External Sector & Balance Of Payments · Save

Which of the following constitute Capital Account?

  1. Foreign Loans
  2. Foreign Direct Investment
  3. Private Remittances
  4. Portfolio Investment

Select the correct answer using the codes given below.

(a) 1, 2 and 3
(b) 1, 2 and 4
(c) 2, 3 and 4
(d) 1, 3 and 4
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Answer: (b) 1, 2 and 4
UPSC 2013 · Q83 · Indian Economy › External Sector & Balance Of Payments · Save

Which one of the following groups of items is included in India’s foreign-exchange reserves?

(a) Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
(b) Foreign-currency assets, gold holdings of the RBI and SDRs
(c) Foreign-currency assets, loans from the World Bank and SDRs
(d) Foreign-currency assets, gold holdings of the RBI and loans from the World Bank
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Answer: (b) Foreign-currency assets, gold holdings of the RBI and SDRs