Economy

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2016 · Question 18 · External Sector
Which of the following best describes the term ‘import cover’, sometimes seen in the news?
Choose your answer(a)It is the ratio of value of imports to the Gross Domestic Product of a country(b)It is the total value of imports of a country in a year(c)It is the ratio between the value of exports and that of imports between two countries(d)It is the number of months of imports that could be paid for by a country’s international reserves
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)