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.
What is meant by “stagflation”?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhich of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhat is “inflation targeting”?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhat is “currency devaluation”?
View QuestionWhich of the following is an example of a capital receipt for the government?
View QuestionWhich of the following is a direct tax?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
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