11th Standard EM - Commerce - Balance of Trade and Balance of Payments

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Question - 1

The Statement which discloses a record of transactions between the residents of one country and residents of Foreign Country.

  • A Balance of Payment
  • B Balance of Trade
  • C Statement of receipts and payments
  • D Accounting Statement

Question - 2

The Balance of Payments councils consists of_____.

  • A Current Account
  • B Capital Account
  • C Receipts and Payments Account
  • D Both Current Account and Capital Account

Question - 3

Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

  • A Official Capital
  • B Private Capital
  • C Banking Capital
  • D Both private and official Capital

Question - 4

The term official capital includes ______.

  • A RBI holdings of foreign currencies
  • B Special drawing rights held by the Government
  • C Both A and B
  • D Foreign Investment

Question - 5

Balance of payments surplus indicates _______.

  • A Exports are more than the Imports
  • B Imports are more than Exports
  • C Exports and Imports are at equilibrium
  • D Exports and Imports are above equilibrium

Question - 6

Which of the following does not include the invisible items?

  • A Balance of Trade
  • B Balance of payments
  • C Both (a) and (b)
  • D None of these

Question - 7

Balance of payment of a country includes ______.

  • A Current account
  • B Monetary account
  • C Capital account
  • D All of the above

Question - 8

Final balance of payments of a country is ______

  • A Always balanced
  • B Always deficit
  • C Always surplus
  • D Fluctuates

Question - 9

Balance of payments of a country has ______  parts.

  • A 2
  • B 3
  • C 4
  • D 5

Question - 10

If balance of payments of a country is in deficit, then _______

  • A Current Account will be in deficit
  • B Money supply can be increased to deficit
  • C Country can borrow from abroad
  • D (a) and (c) of the above