(IGP) GS Paper 1 - Economic & Social Development - "External Sector - MCQ"

Subject - Economic and Social Development
Chapter - External Sector

1. Consider the following statements about Balance of payments (BoP).

1. BoP is an over all statement of a country’s economic transactions with the rest of the world over some period.
    
2. Trade account is a part of the capital account.

Which of the above statements is / are true.

1. Both 1 & 2
2. 1 only
3. 2 only
4. Neither 1 nor 2

2. Consider the following statements.

1. India’s share in global trade in services is about 1.3%.
    
2. Remittances to India have been on the rise over the past few years.
    
3. Government of India has devalued its currency three times.

Which of the above statements is / are true.

1. All of the above
2. 2 & 3
3. 1 & 3
4. 1 & 2

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