| India's Balance of Payments (BoP) position improved dramatically in 2013-14. This owed in large part to the measures like |
| 1. Customs Duty hike in Gold |
| 2. Liberalization of External Commercial Borrowings |
| 3. FCNR Swaps by RBI |
| 4. Quasi-Sovereign Bonds. |
| Select the correct answer using the codes given below: |
A) 1 and 2
B) 1 and 3
C) 1, 2, 3
D) 1, 2, 3, 4
Correct Answer: D
Solution :
[d] India's balance of payments slipped into deficit in the third quarter for the first time in nearly two years, as foreign investors turned net sellers of the country's financial assets in anticipation of December's US rate hike. [ As per reports on 23 December 2015] The account of India's monetary transactions with the rest of the world turned to a deficit of
0.9 billion in July-September from surplus of 11.4 billion in April-June.
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