Economic Awareness - Sectors of Indian Economy
Which of the following is NOT included in the external sector of an economy?
Which of the following is NOT included in the external sector of an economy?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify external sector transactions
The external sector includes all cross-border economic transactions involving residents and non-residents.Step 2: Analyze options
Imports, remittances, and foreign portfolio investments involve foreign entities. Domestic consumption is purely internal and excluded.Final Answer:
Domestic consumption of locally produced goods → Option CQuick Check:
Domestic consumption of locally produced goods = correct ✅
Quick Trick: External sector excludes purely domestic activities.
Common Mistakes:
MISTAKES- Confusing domestic consumption as part of external sector.
Master "Sectors of Indian Economy" in Economic Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Economic Awareness Quizzes