What term refers to the difference between exports and imports of an economy over a specified period, indicating the economic health of a country?
Consider the following statements:
Statement-I:
Trade Balance is a measure of the difference between exports and imports of goods and services by a country over a specific period, reflecting the economic health and competitiveness of the nation in the global market.
Statement-II:
Revaluation is a deliberate government action to increase the value of a country's currency, aiming to stabilize or appreciate it against other currencies, which can have implications for trade balances and international competitiveness.
Which one of the following is correct in respect of the above statements?
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Consider the following pairs:
1. Fixed Currency Regime – Exchange rates determined by market forces
2. Floating Currency Regime – UK adopted this in 1973
3. Managed Exchange Rates – Dual exchange rate system in India since 1992-93
4. Foreign Exchange Market – Determines exchange rates under fixed currency regimes
How many pairs given above are correctly matched?
Consider the following pairs:
1. LERMS - Liberalized Exchange Rate Management System
2. CAD - Capital Account Deficit
3. CAC - Current Account Convertibility
4. BOP - Balance of Payments
How many pairs given above are correctly matched?
What was the primary objective behind the introduction of the Liberalized Exchange Rate Management System (LERMS) in India in 1992?
What is the primary purpose of maintaining forex reserves by a country's economy?
Consider the following statements:
Statement-I:
India's forex reserves stood at USD 562.7 billion as of December 2022, covering 93 months of imports, indicating their critical role in ensuring economic stability.
Statement-II:
India's external debt in September 2022 totaled USD 610.5 billion, equivalent to 19.2% of its GDP, showcasing a prudent management approach post-reforms.
Which one of the following is correct in respect of the above statements?
Consider the following statements:
1. Depreciation of a currency can increase the competitiveness of a country's exports.
2. Devaluation is a market-driven process that happens without government intervention.
3. NEER and REER are used to evaluate the competitiveness of a currency on a trade-weighted basis.
Which of the statements given above is/are correct?
Consider the following statements:
1. Forex reserves include foreign currencies, gold reserves, Special Drawing Rights (SDRs), and Reserve Tranche Position (RTP) in the International Monetary Fund (IMF).
2. As of December 2022, India's forex reserves were sufficient to cover 93 months of imports.
3. India's external debt as of September 2022 was equivalent to 19.2% of its GDP.
Which of the statements given above is/are correct?
Consider the following statements regarding exchange rates and currency regimes:
1. Under a fixed currency regime, exchange rates are adjusted periodically by the International Monetary Fund (IMF).
2. The United Kingdom adopted a floating currency regime in 1973 to enhance payment flexibility and avoid payment crises.
3. In India, the exchange rate was historically linked to the United States Dollar (USD) until 1948.
Which of the statements given above is/are correct?
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139 videos|315 docs|136 tests
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