UPSC 2016 › Indian Economy › External Sector & Balance Of Payments

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UPSC 2016 · Q18 · Indian Economy › External Sector & Balance Of Payments · Save

Which of the following best describes the term 'import cover', sometimes seen in the news?

(a) It is the ratio of value of imports to the Gross Domestic Product of a country
(b) It is the total value of imports of a country in a year
(c) It is the ratio between the value of exports and that of imports between two countries
(d) It is the number of months of imports that could be paid for by a country's international reserves
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Answer: (d) It is the number of months of imports that could be paid for by a country's international reserves