In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

[UPSC Civil Services Exam – 2011 Prelims]

(a) Export

(b) Import

(c) Production

(d) Consumption


Answer: (a)        

Explanation:

  • Exports are goods and services that are produced in one country and sold to buyers in another.
    • The visit of foreign nationals to India amounted to export as
      • Foreign nationals will buy Indian goods and use Indian services.
      • Also, India will get foreign currency.
    • An import is a good or service bought in one country that was produced in another.
      • Suppose a citizen of the US buying goods and services in India, then it amounted to Import for The US. Because its citizen is buying goods and services from another country.
    • Production– the process of making or growing goods to be sold.
    • Consumption– the amount used or eaten.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »
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