Which UPSC subjects are covered?

All seven General Studies Paper I (Prelims) subjects: History, Polity, Geography, Economics, Science & Technology, Environment, and Current Affairs. Cards are organized by topic and weighted to match exam patterns.

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UPSC CSE Prelims External Sector Flashcards

Master 48 external sector concepts for the UPSC CSE Prelims.

Balance of Payments & Trade

12 cards

Question

Identify the key components of the Current Account in the Balance of Payments.

The Current Account of the BoP consists of the Trade balance, , Primary income, and (such as remittances).

Question

Which of the following are components of the Capital Account in India's Balance of Payments?

Foreign Direct Investment (FDI)
Non-Resident Indian (NRI) Deposits
Remittances from Indians working abroad

Select the correct answer:

WTO & Trade Agreements

9 cards

Question

Complete the foundational facts about the World Trade Organization (WTO):

The WTO was established in the year through the Marrakesh Agreement, replacing the . Its headquarters is located in .

Question

Under WTO principles, what is the primary distinction between 'Most-Favored-Nation' (MFN) and 'National Treatment'?

FEMA & Forex Reserves

10 cards

Question

Complete the historical evolution of India's foreign exchange regulations:

was enacted in 1999 to replace the earlier, more stringent of 1973, shifting the legislative focus from 'conservation' to 'management' of foreign exchange.

Question

Consider the following statements regarding the Foreign Exchange Management Act (FEMA):

Offences under FEMA are treated as criminal offences.
FEMA relies primarily on penalty-based enforcement rather than imprisonment.

Which of the statements given above is/are correct?

FDI Policy, ECBs & Investment Treaties

11 cards

Question

Consider the following statements regarding the 'Automatic Route' for Foreign Direct Investment (FDI) in India:

It requires prior approval from the Reserve Bank of India (RBI).
It requires prior approval from the Government of India.

Which of the statements given above is/are correct?

Question

Complete the statement regarding the FDI Approval Route:

Under the Government/Approval Route, prior approval is required. Applications are considered by the concerned Administrative Ministry/Department in consultation with the .

Trade Remedy Duties

6 cards

Question

Consider the following statements regarding Anti-Dumping Duty:

It is a tariff imposed by a domestic government on foreign imports that are priced below fair market value.
Its primary purpose is to offset government subsidies provided in the exporting country.

Which of the statements given above is/are correct?

Question

Identify the distinct institutional roles in India's trade remedy framework.

In India, the conducts the investigation and recommends anti-dumping duties, but the actual notification and levy of the duty is executed by the .

Also study

Money and Banking84 Fiscal Policy46 International Organizations39 Growth, Development & Indicators54 Agriculture & Allied Sectors36 Industry & Infrastructure10 Social Development & Inclusion13 Planning & Economic Reforms10

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