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UPSC 2015: The problem of international liquidity is related to the non-availability of
(a)goods and services
(b)gold and silver
(c)dollars and other hard currencies
(d)exportable surplus
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Not attemptedCorrect Answer: (c) dollars and other hard currencies
The ‘international liquidity’ problem refers to a shortage of universally accepted means of international payment—principally U.S. dollars and other hard, fully convertible currencies—needed to settle global trade and financial transactions; it is not about goods, precious metals, or export surpluses. ([dalvoy.com](https://www.dalvoy.com/upsc/previous-years/2015/international-liquidity-problem-dollars-hard-currencies?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2015 Indian Economy question?▼
The correct answer is option (c): dollars and other hard currencies. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2015, GS Paper 1, as Question 94. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.