UPSC 2016EconomyModerate

Which of the following best describes the term 'import cover', sometimes seen in the news?

a
It is the ratio of value of imports to the Gross Domestic Product of a country
b
It is the total value of imports of a country in a year
c
It is the ratio between the value of exports and that of imports between two countries
d
It is the number of months of imports that could be paid for by a country's international reserves
Balance of PaymentsForeign Exchange Reserves and Trade Indicatorsimport coverinternational reservesimportsmonthsforeign exchange

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