HAS/HPAS Mains: Daily Answer Writing Challenge – 7

By | October 20, 2019

TARGET HPAS MAINS 2020 (GS-3)

Answer the following questions in the comment section.

Note: You can review each other’s answers.

Topic:  Monetary policy, Foreign exchange, Balance of Payment Scenario.

मौद्रिक नीति, विदेशी मुद्रा विनियम, भुगतान संतुलन परिदृश्य।

1. Describe briefly the function of the monetary policy committee of RBI.

RBI की मौद्रिक नीति समिति के कार्यो का संक्षेप में वर्णन करें। (4 marks, 60 words)

SOURCE:-

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (English)

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (Hindi)

2. What do you understand by foreign exchange rate? What is its importance for an economy? Explain.

विदेशी मुद्रा विनिमय दर से आप क्या समझते हैं? किसी अर्थव्यवस्था के लिए इसका क्या महत्व होता है? व्याख्या करें। (8 marks, 120 words)

SOURCE:-

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (English)

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (Hindi)

3. Discuss how does rising crude oil price impact the foreign exchange rate and balance of payment scenario in India? Also, suggest steps on how should India reduce its dependence on oil import?

चर्चा करें कि कच्चे तेल की बढ़ती कीमतें भारत में कैसे विदेशी मुद्रा विनिमय दर एवं भुगतान संतुलन परिदृश्य को प्रभावित करती है? यह भी सुझाव दें कि भारत को तेल आयात पर अपनी निर्भरता को कैसे कम करना चाहिए? (20 marks, 400 words )

SOURCES:-

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (English)

NCERT ECONOMY (Introductory Macroeconomics) 12th Class Chapter 6 (Hindi)

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