Which of the following best describes the term 'import cover', sometimes seen in the news?
AIt is the ratio of value of imports to the Gross Domestic Product of a country
BIt is the total value of imports of a country in a year
CIt is the ratio between the value of exports and that of imports between two countries
DIt is the number of months of imports that could be paid for by a country's international reserves
Answer & Solution
Correct answer: D. It is the number of months of imports that could be paid for by a country's international reserves
UPSC CSE Prelims 2016 (GS-I, Set A), Q.18. Answer key: D (coaching consensus; UPSC did not publish an official 2016 AK separately on upsc.gov.in).
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