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Topic

Trade Deficit

Asked 2 times in CSE over 16 years (2004–2020), peaking in 2020.
2
PYQs
1
Exams
2
Years active
2004–2020
Span
2020
Peak
1/2
Answers
📅 Full chronological timeline →

Key insights

  • Most tested in CSE — 2 of 2 PYQs
  • Most asked in 2020
  • Recurs across 2 years (2004–2020)

Across exams

CSE · 2

How the concept evolved

104
120
Long-running — most appearances (1 of 2) predate 2016, and it still returns.

Related concepts

Ideas UPSC tests alongside this one — keep exploring.

Sample questions

You've seen the pattern — here are a few of the actual PYQs.
CSE2020

With reference to the international trade of India at present, which of the following statements is/are correct ?

  1. India's merchandise exports are less than its merchandise imports
  2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years
  3. India's exports of services are more than its imports of services
  4. India suffers from an overall trade/current account deficit

Select the correct answer using the code given below :

  1. A 1 and 2 only
  2. B 2 and 4 only
  3. C 3 only
  4. D 1, 3 and 4 only
Answer key not yet available (pending official release)
Economy › External Sector & Trade
CSE2004
Assertion (A)For the first time, India had no trade deficit in the year 2002-03
Reason (R)For the first time, India's exports crossed worth $50 billion in the year 2002-03
  1. A Both 'A' and 'R', are individually true and 'R' is the correct explanation of 'A'.
  2. B Both 'A' and 'R' are individually true but 'R' is not the correct explanation of 'A'.
  3. C 'A' is true but 'R' is false.
  4. D 'A' is false but 'R' is true. ✓
✓ Correct answer: (D)
Economy › External Sector & Trade

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