📈 EconomyUPSC 2011Fundamentals of Economy

In terms of economy, the visit by foreign nationals to witness the XIX common Wealth Games in India amounted to:

aExport
bImport
cProduction
dConsumption
✓ Correct answer: a) Export
ExplanationExports are goods and services that are produced in one country used by another.In economic terms, when foreign nationals visit a country and spend money on goods and ser- vices—such as accommodation, food, transportation, and enter- tainment—it is considered an export for the host country.This is because the country is providing services to non-residents, resulting in an inflow of foreign currency.Therefore, the expen- ditures by foreign visitors during events like the XIX Com- monwealth Games in India are classified as exports.Indian Economy 313 277

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