The problem of international liquidity is related to the non-availability of

[UPSC Civil Services Exam – 2015 Prelims]

(a) goods and services

(b) gold and silver

(c) dollars and other hard currencies

(d) exportable surplus


Answer: (c)        

Explanation:

  • The concept of international liquidity is associated with international payments that arise out of international trade in goods and services.
  • International liquidity consists of all the resources that are available to the monetary authorities of countries for the purpose of meeting balance of payments deficits.
  • Such liquidity ranges from assets readily available to resources that become available only after extensive negotiation.
  • The primary medium of international liquidity are gold and those foreign currencies which are universally acceptable in the settlement of international transactions.

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:                                               

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