Question
EconomyExternal Sector and International EconomicsBalance of Payments and External AccountsMedium
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- Balance of Payments and External Accounts
- Related topics:
- Exchange Rates and Currency Management · FDI, FPI and External Commercial Finance
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Consider the following actions which the Government can take: 1. Devaluing the domestic currency. 2. Reduction in the export subsidy. 3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the above action/actions can help in reducing the current account deficit?
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Question 10 · Balance of Payments and External Accounts · Economy · UPSC Prelims 2011 (GS)