Do you consider a policy of import substitution or export promotion to provide an enduring solution to our balance of payments problem? Has export promotion policy been able to achieve its objectives? (UPSC 1984, 40 Marks, )

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Introduction

The balance of payments problem is a significant issue for many countries, as it can lead to economic instability and vulnerability. Two common strategies to address this issue are import substitution and export promotion policies.

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Differentiate between Trade and Balance of Payments. (UPSC 1996, 3 Marks, )

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Introduction

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Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and the external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme. (UPSC 2015, 13 Marks, )

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Introduction

The craze for gold in India has led to a surge in imports, putting pressure on the country's balance of payments and the external value of the rupee. In order to address this issue, the government introduced the Gold Monetization Scheme. This scheme aims to mobilize the idle gold lying with households and institutions and put it to productive use.