We often come across the term lsquo Import Cover rsquo in the news It refers to........

Economic Affairs Foreign Trade - Trends and Policy

We often come across the term ‘Import Cover’ in the news. It refers to

The measures like anti-dumping duties, increase in import duties etc. taken to protect domestic industry from cheap imports from outside.

The ratio of imports to the Gross Domestic Product of the country.

The number of months of imports that could be paid for by a country’s Foreign Exchange Reserves.

The trade distorting subsidies provided by some countries to their domestic manufacturers and producers.

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Explanation:

Third option is correct.
An import coverage ratio is the share (or percentage) of a country's own imports that is subject to a particular non tariff barrier, or any one of a specified group of non tariff barriers. They are calculated by attaching actual values to bilateral trade flows between various exporters and the importing country.