Subject: Economics
Book: Comprehensive Indian Economy
India’s external sector includes trade in goods/services, capital flows (FDI, FPI), external commercial borrowings, and currency exchange. Policies strive to maintain a healthy balance of payments and adequate foreign exchange reserves. Key agencies—like the Directorate General of Foreign Trade—oversee export-import regulations. The shift from a closed economy to an export-oriented one brought new challenges: trade imbalances, currency fluctuations, and global competitiveness. Exam angles often cover India’s major trading partners, trade deficits with specific blocs, and how FTAs shape domestic industries. Students should also watch for external shocks like global oil price spikes or changing US Fed rates.
Which of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is meant by “crowding out” in economics?
View QuestionWhat is “inflation targeting”?
View QuestionWhat does “primary sector” of the economy include?
View QuestionWhat is the main aim of Public Distribution System (PDS) in India?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following is an example of a renewable resource?
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