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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
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following best describes the term “import cover&rdq...
Import cover measures the number of months of money available in the national bank to cover the cost of imports or the stock of foreign exchange reserves in terms of months of retained imports of goods as at end of year. The measure helps in avoiding a BoP crisis, so that early preventive action can be taken.
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Which of the following best describes the term “import cover&rdq...
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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 countryb)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 countriesd)It is the number of months of imports that could be paid for by a country’s international reservesCorrect answer is option 'D'. Can you explain this answer?
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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 countryb)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 countriesd)It is the number of months of imports that could be paid for by a country’s international reservesCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 countryb)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 countriesd)It is the number of months of imports that could be paid for by a country’s international reservesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 countryb)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 countriesd)It is the number of months of imports that could be paid for by a country’s international reservesCorrect answer is option 'D'. Can you explain this answer?.
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