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Which of the following best describes the term import cover (UPSC CSP 2016, GS Paper I)

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1. Which of the following best describes the term ‘import cover’, sometimes seen in the news?

It is the ratio of value of imports to the Gross Domestic Product of a country

It is the total value of imports of a country in a year

It is the ratio between the value of exports and that of imports between two countries

It is the number of months of imports that could be paid for by a country’s international reserves

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