Sample Materials for CSAT Paper -1 (G.S.) Pre 2013: "Indian Economy - External Sector"

Sample Materials From Our Study Notes for CSAT Paper -1 (G.S.) Pre 2013

Subject: Indian Economy
Topic: External Sector

Contents of The Topic:

  • Balance of Payments
  • Convertibility of Rupee
  • Current account convertibility
  • Capital Account
  • Rupee Depreciation

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Test Your Knowledge

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 statement given above is / are correct.

  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 statement given above is / are correct.

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

Answer of Question 1: B

Answer of Question 2: A

Civil Services Preliminary
IAS - INDIAN ADMINISTRATIVE SERVICES
UPSC
Economics