Which of the following best describes the term ‘import cover’, sometimes seen in the news?
Options
(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
The full breakdown is part of the paid archive
This question's answer, explanation and links to every related question across 48 years (1979–2026) are inside the app. The two most recent years are free to read in full — no account needed.
Class 12Open Economy Macroeconomics— NCERT Economics, Chapter 6. An open economy trades goods and services and financial assets with the rest of the world; imports are a leakage from, and exports an injection into, the circular flow.…
Independent UPSC previous-year-questions study tool — not affiliated with or endorsed by the UPSC. Question text is reproduced from publicly released UPSC examination papers. UPSCviaPYQs · Privacy · Terms