Prelims Marathon – Economy – External Sector – October 18th – 2023

Consider the following statements:
1.India is 7th Largest service exporter in the world.
2.Ratio of External Debt to GDP of India is more than 50 percent.
Which of the statements given above is/are correct?

It is a growth strategy where a country seeks economic development by opening itself up to international trade – describes?

Which of the following is/are the difficulty/difficulties facing by India in promoting the export/s?
1.Low Market Penetration in High-Income Countries.
2.Rising Protectionist Policies in importing countries.
3.Lack of Market Intelligence.
How many of the statements given above are correct?

Which of the following is/are pillar/s of Indian Foreign Trade Policy 2023?
1.Incentive to Remission.
2.Export promotion through collaboration.
3.Ease of doing business.
How many of the statements given above are correct?

The “SCOMET” policy is recently seen in news related to?

Consider the following statements regarding foreign trade agreements:
1.It is a pact between two or more nations/groups of nations to reduce barriers to imports and exports among them.
2.It is the opposite to trade protectionism.
Which of the statements given above is/are correct?

Which of the following is/are the reason/s for depreciation of rupee?
1.Capital outflows.
2.Rise in crude oil prices.
3.Tight monetary policy by developed countries.
How many of the statements given above are correct?

Consider the following statements regarding Special Rupee Vostro Account System:
1.It is a bank account held by a domestic bank for a foreign bank, denominated in the domestic currency of the former.
2.It specifically holds the foreign entity’s deposits in Indian rupees at the Indian bank.
Which of the statements given above is/are correct?

The “Sariska Tiger Reserve” is recently seen in news located at?