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External sector
External sector for UPSC Prelims and Mains, taught in 1 parts. Each part has tables, exam traps, a recap and practice questions, and every paragraph is explained in Telugu.
Parts of this chapter
The balance of payments: accounts, deficits, the 1991 crisis and convertibility
What the balance of payments records and why it always balances, residents versus citizens, the current account (goods, services, primary and secondary income, remittances), the capital and financial accounts in BPM6 and in India's standard format, errors and omissions and the overall balance, how a current account deficit is financed, twin deficits and the 2013 taper tantrum, the 1991 crisis, the Rangarajan committee, current account convertibility (1994) and the Tarapore committees on capital account convertibility.Study this in the Upscore app to keep notes, save it for revision, track your practice scores and follow a plan to the exam date. It's free.
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