External Sector of Economy questions with answers

381 multiple-choice questions. Open any question for its answer and explanation.

Questions asked in State PSC and UPSC prelims, by topic. Each topic also has notes to read.

26. Special Drawing Rights is the currency of International Monetary Fund. This is in the form ofAsked in APPSC Group II Mains paper 2 2025
27. Which of the following are included in the Reserve Bank of India's Foreign Exchange Reserves (FER) ? a. Foreign Currency Assets (FCA) b. Gold c. Special Drawing Rights (SDR) d. Reserve Tranche PositionAsked in APPSC Group II Mains paper 2 2025
28. All of the following are international reserves exceptAsked in WBCS Main Paper 5 2022
29. Indian Foreign Exchange Reserves comprises ofAsked in westbengal/WBCS Main 2019 Paper 5 2019
30. What is the correct descending order of share of following components in Indian Foreign Exchange Reserves in March, 2025, starting from largest to smallest ? 1. Gold Reserves 2. Foreign Currency Assets 3. Reserve position with the IMF 4. SDRsAsked in ukpsc 2025 2025
31. Which of the following are a part of India's Foreign Exchange Reserves : (i) Foreign Currency Assets (ii) Gold Reserves (iii) Foreign Assets Held by Indian Individuals or Businesses (iv) Reserve Position with the International Monetary Fund (IMF) Select the correct answer given belowAsked in Paper I 5
32. As per the World Gold Council Report, what is the rank of India in terms of its gold reserve?Asked in J.E (Electrical 2020) 2020
33. How much were India's foreign exchange reserves at the end of December 2024 ?Asked in RO ARO pre 2023
34. Foreign Exchange Reserves of India are kept in the custody ofAsked in Uttarakhand Special Subordinate Education 2009
35. Reserve Tranche Position (RTP) is a term used in context withAsked in tfs gk 2021
36. What does FEMA, 1999 aim at?Asked in MPSC CS Prelims 2012
37. Which international agency is the provider of soft loans to developing countries of Asia?Asked in APSC CCE Prelims Exam 2006
38. In which year, Kushal Konwar was hanged by the British and for what cause?Asked in APSC CCE Prelims Exam 2014
39. The High Altitude Warfare School of the Indian Army is located atAsked in APSC CCE Prelims Exam 2016
40. Regarding the composition of the Legislative Council, all following statements are correct, except (1) 1/3rd of the total number of Council shall be elected from local bodies. (2) 1/12th of the total number of Council shall be elected by graduates. (3) 1/12th of the total number of Council shall be elected by Teachers. (4) 1/13th of the total number of Council shall be elected by Legislative Assembly.Asked in APSC CCE Prelims Exam 2018
41. What is the maturity period of treasury bills issued by Government of India ?Asked in APSC CCE Prelims Exam 2018
42. President of India exercises his powersAsked in BPSC Prelims Exam 60 62rd
43. The Iran-Pakistan gas pipeline is also called asAsked in BPSC Prelims Exam 60 62rd
44. Which of the following teams has won the Newton-Bhabha Fund for the project on Groundwater Arsenic Research in Ganga River Basin?Asked in BPSC Prelims Exam 63rd
45. What are the special drawing rights percentage and vote percentage respectively of India in International Monetary Fund (IMF)? Ans: A As of the 15th General Review of Quotas, India's quota in the IMF is SDR 13,114.4 million, which represents 2.75% of the total quotas. India's total voting power is based on its quota plus basic votes. Calculated as a percentage of total votes, India's voting share is 2.63%. The question asks for SDR percentage (which is based on Quota percentage) and vote percentage respectively. 46. Which one of the following institutions is not in the 'World Bank Group' ?Asked in CGPSC Prelims Exam 2021 · UPSC Geoscientist 2024
46. Which one of the following pact involves the world bank as a third party ?Asked in GPSC Prelims CSP 1 2017
47. The cabinet committee on economic affairs, chaired by the Prime Minister has approved investment in Arun-3 Hydro Electric Project in which country ?Asked in GPSC Prelims CSP 2 2017
48. Which of the following statements is/are correct regarding Double Taxation Avoidance Agreement (DTAA)? 1. Its key objective is that tax-payers in these countries can avoid being taxed twice for the same income. 2. A DTAA applies in cases where a tax- payer resides in one country and earns income in another. 3. India has DTAAs with more than 80 countries.Asked in GPSC Prelims CSP 2 2019
49. Match the following List-I with List-II: List-I List-II 1. IMF a) World Bank Group b) Autonomous Organization 2. IBRD of United Nations 3. New Developc) Japan holds the largest ment Bank portion 4. Asian Develd) Shanghai, 2015 opment BankAsked in GPSC Prelims CSP 2 2022
50. Which of the following statements are correct regarding World Trade Organization (WTO)? 1. India is the founder member of the WTO 2. A WTO member must be a customs territory with full autonomy in conduct of external commercial relations 3. WTO follows voting rights according to the monetary share of the countries, means no equal voting rightsAsked in GPSC Prelims CSP 2 2022