gs1medium

In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

  1. A.Exports
  2. B.Imports
  3. C.Production
  4. D.Consumption
▶ Answer & Explanation

Correct answer: A. Exports

The spending by foreign tourists within India for events like the Commonwealth Games represents a flow of foreign currency into the country, offsetting the spending by residents on foreign goods and services. This inflow of foreign exchange for services rendered (tourism, event participation) is classified as a service export in the balance of payments.

Source: UPSC gs1 2011

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