UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > External Sector- 3
External Sector- 3 Video Lecture | Indian Economy for UPSC CSE
|
140 videos|315 docs|136 tests
|
FAQs on External Sector- 3 Video Lecture - Indian Economy for UPSC CSE
| 1. What is the external sector? |  |
Ans. The external sector refers to the part of an economy that interacts with the rest of the world through international trade, investments, and financial transactions. It includes exports, imports, foreign direct investment, foreign exchange reserves, and other external economic activities.
| 2. How does the external sector affect a country's economy? | |
Ans. The external sector plays a crucial role in shaping a country's economy. It can impact economic growth, employment, inflation, exchange rates, and overall economic stability. For example, an increase in exports can boost economic growth and create job opportunities, while a large trade deficit can put pressure on the domestic currency and lead to inflation.
| 3. What are the main components of the external sector? | |
Ans. The main components of the external sector are exports and imports of goods and services, foreign direct investment (FDI), portfolio investment, international loans and borrowing, remittances, and foreign exchange reserves held by the central bank. These components reflect the economic interactions between a country and the rest of the world.
| 4. How does a country's external sector affect its balance of payments? | |
Ans. The external sector directly influences a country's balance of payments, which is a record of all economic transactions between residents of the country and the rest of the world. A surplus in the external sector, such as higher exports than imports, leads to a surplus in the balance of payments, while a deficit in the external sector results in a deficit in the balance of payments.
| 5. What are some factors that can impact a country's external sector? | |
Ans. Several factors can impact a country's external sector, including exchange rates, global economic conditions, trade policies of other countries, technological advancements, political stability, and natural disasters. Changes in these factors can influence the competitiveness of a country's exports, the cost of imports, and the overall flow of goods, services, and investments across borders.
Related Exams
About this Video
|
4.91/5 Rating |
|
Nov 17, 2024 Last updated |
Video Description: External Sector- 3 for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for External Sector- 3 have been prepared according to the UPSC exam syllabus.
Information about External Sector- 3 covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for External Sector- 3.
Introduction of External Sector- 3 in English is available as part of our Indian Economy for UPSC CSE for UPSC & External Sector- 3 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- 3 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- 3
Here you can find the meaning of External Sector- 3 defined & explained in the simplest way possible.
Besides explaining types of External Sector- 3 theory, EduRev gives you an ample number of questions to practice External Sector- 3 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
video lectures
,Extra Questions
,Viva Questions
,Free
,Previous Year Questions with Solutions
,Exam
,practice quizzes
,Important questions
,Summary
,External Sector- 3 Video Lecture | Indian Economy for UPSC CSE
,past year papers
,shortcuts and tricks
,mock tests for examination
,Objective type Questions
,ppt
,study material
,Sample Paper
,External Sector- 3 Video Lecture | Indian Economy for UPSC CSE
,Semester Notes
,External Sector- 3 Video Lecture | Indian Economy for UPSC CSE
,MCQs
;
Study External Sector- 3 on the App
Students of UPSC can study External Sector- 3 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the External Sector- 3,
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- 3 is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup