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Consider the following statements.
1. Import cover is the number of months of imports that the country’s foreign exchange reserves can finance.
2. Import cover is an important indicator of the stability of the currency.
3. At present India’s import cover is more than 10 months.
Which of the above statements is/are correct?
- a)1, 2
- b)1, 3
- c)1 only
- d)1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements.1. Import cover is the number of mon...
Can pay for with its foreign exchange reserves.
2. Import cover is an indicator of a country's ability to withstand external shocks and maintain its trade balance.
3. Import cover is calculated by dividing a country's foreign exchange reserves by its average monthly imports.
Which of the statements are true?
1. True. Import cover is a measure of a country's ability to pay for its imports using its foreign exchange reserves. It represents the number of months that a country can sustain its imports at current levels without any additional inflow of foreign exchange.
2. True. Import cover is an important indicator of a country's resilience to external shocks and its ability to maintain a favorable trade balance. A higher import cover indicates a higher level of stability and ability to withstand economic fluctuations.
3. True. Import cover is calculated by dividing a country's foreign exchange reserves by its average monthly imports. This calculation provides a measure of how long a country can sustain its imports using its foreign exchange reserves.
Therefore, all three statements are true.
2. Import cover is an indicator of a country's ability to withstand external shocks and maintain its trade balance.
3. Import cover is calculated by dividing a country's foreign exchange reserves by its average monthly imports.
Which of the statements are true?
1. True. Import cover is a measure of a country's ability to pay for its imports using its foreign exchange reserves. It represents the number of months that a country can sustain its imports at current levels without any additional inflow of foreign exchange.
2. True. Import cover is an important indicator of a country's resilience to external shocks and its ability to maintain a favorable trade balance. A higher import cover indicates a higher level of stability and ability to withstand economic fluctuations.
3. True. Import cover is calculated by dividing a country's foreign exchange reserves by its average monthly imports. This calculation provides a measure of how long a country can sustain its imports using its foreign exchange reserves.
Therefore, all three statements are true.
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Consider the following statements.1. Import cover is the number of months of imports that the country’s foreign exchange reserves can finance.2. Import cover is an important indicator of the stability of the currency.3. At present India’s import cover is more than 10 months.Which of the above statements is/are correct?a)1, 2b)1, 3c)1 onlyd)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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