Subject: Economics
Book: Comprehensive Indian Economy
India’s external sector includes trade in goods/services, capital flows (FDI, FPI), external commercial borrowings, and currency exchange. Policies strive to maintain a healthy balance of payments and adequate foreign exchange reserves. Key agencies—like the Directorate General of Foreign Trade—oversee export-import regulations. The shift from a closed economy to an export-oriented one brought new challenges: trade imbalances, currency fluctuations, and global competitiveness. Exam angles often cover India’s major trading partners, trade deficits with specific blocs, and how FTAs shape domestic industries. Students should also watch for external shocks like global oil price spikes or changing US Fed rates.
Which is the largest source of tax revenue for the Government of India?
View QuestionWhat is the primary purpose of Special Economic Zones (SEZs)?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhat is “quantitative easing”?
View QuestionWhat is the meaning of “supply-side economics”?
View QuestionWhat is meant by “stagflation”?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following is considered a public good?
View QuestionWhat is the main feature of a free-market economy?
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