UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > External Sector- 2
External Sector- 2 Video Lecture | Indian Economy for UPSC CSE
|
140 videos|315 docs|136 tests
|
FAQs on External Sector- 2 Video Lecture - Indian Economy for UPSC CSE
| 1. What is the external sector of an economy? |  |
Ans. The external sector of an economy refers to the part of the economy that interacts with the rest of the world through international trade, investments, and financial transactions. It includes the export and import of goods and services, foreign direct investment, remittances, and international borrowing and lending.
| 2. What are the main components of the external sector? | |
Ans. The main components of the external sector are exports, imports, and the balance of trade. Exports refer to the goods and services produced domestically and sold to other countries. Imports, on the other hand, are the goods and services that are purchased from other countries and brought into the domestic economy. The balance of trade is the difference between the value of exports and imports.
| 3. How does the external sector affect the overall economy? | |
Ans. The external sector plays a crucial role in the overall economy. It affects economic growth, employment, and the balance of payments. A strong external sector with higher exports can boost economic growth and create employment opportunities. Conversely, a weak external sector with higher imports can lead to trade deficits and put pressure on the balance of payments.
| 4. What are the factors that influence the external sector? | |
Ans. Several factors influence the external sector of an economy. These include exchange rates, global economic conditions, trade policies, competitiveness of domestic industries, and technological advancements. Exchange rates can affect the competitiveness of exports and imports. Global economic conditions, such as recessions or booms, can impact demand for goods and services. Trade policies and regulations also play a significant role in shaping the external sector.
| 5. What are the benefits of a strong external sector? | |
Ans. A strong external sector can bring several benefits to an economy. It can lead to increased economic growth, job creation, and higher income levels. It can also improve the balance of payments, strengthen the domestic currency, and attract foreign direct investment. Additionally, a strong external sector can enhance the competitiveness of domestic industries and promote innovation and technological advancements.
Related Exams
About this Video
|
4.93/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: External Sector- 2 for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for External Sector- 2 have been prepared according to the UPSC exam syllabus.
Information about External Sector- 2 covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for External Sector- 2.
Introduction of External Sector- 2 in English is available as part of our Indian Economy for UPSC CSE for UPSC & External Sector- 2 in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for External Sector- 2 Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about External Sector- 2
Here you can find the meaning of External Sector- 2 defined & explained in the simplest way possible.
Besides explaining types of External Sector- 2 theory, EduRev gives you an ample number of questions to practice External Sector- 2 tests,
examples and also practice UPSC tests.
|
140 videos|315 docs|136 tests
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,Summary
,practice quizzes
,Free
,Important questions
,Previous Year Questions with Solutions
,Viva Questions
,External Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,video lectures
,shortcuts and tricks
,Exam
,External Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,Semester Notes
,MCQs
,past year papers
,External Sector- 2 Video Lecture | Indian Economy for UPSC CSE
,ppt
,Extra Questions
,Sample Paper
,mock tests for examination
,study material
;
Study External Sector- 2 on the App
Students of UPSC can study External Sector- 2 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the External Sector- 2,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of External Sector- 2 is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup