gs1medium
In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to
- A.Exports
- B.Imports
- C.Production
- 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