UPSC Prelims 2016 Economy

Which of the following best describes the term “import cover”, sometimes seen in the news?

Explanation

The term "import cover" refers to the number of months a country's foreign exchange reserves can finance its imports. It's a crucial indicator of a country's external trade stability and its ability to meet its import obligations.

Linked concepts

Revision pages for syllabus ideas tested in this PYQ.

India's Energy Security Strategy

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