Question 1 :
Which of these measures will reduce deficit on the current account of the balance of payments through the use of fiscal policy?

Question 3 :
Which of these sectors is not a part of capital account?

Question 5 :
Demand for American goods will rise in India due to appreciation of Indian currency.

Question 10 :
The " terms of trade" is the name given to ________________.

Question 12 :
Huge international reserves are required to be maintained by the government in fixed and flexible exchange rate system.

Question 15 :
______  is used to record payments for imported goods and services.

Question 16 :
Current account records receipts and payments of transactions relating to visible items only.

Question 17 :
The exchange rate of currency is maintained at the same level in all the foreign exchange markets through _____________.

Question 18 :
Many a time we read a term "PPP" in financial newspapers. What is the full form of the same as used in financial world?

Question 21 :
Increase in foreign exchange rate leads to rise in supply of foreign exchange.

Question 22 :
_______ is the difference between value of goods sold to foreign and value of goods imported from foreign country.

Question 28 :
Under flexible exchange rate system, each country fixes its value of currency in terms of some external standard.

Question 29 :
Which of the following is correct about the balance of payment of India?

Question 30 :
What is the main feature of a flexible exchange rate system?

Question 31 :
Other things remaining the same, when foreign currency becomes cheaper, the effect on national income is likely to be: <br>

Question 33 :
Which of the following can be included in the current account of the balance of payments?<br>(i) Purchase of goods from abroad<br>(ii) sale of services abroad<br>(iii) Worker's remittances from abroad<br>(iv) Sale of copyright to foreigners<br>(v) Direct investment in equity capital

Question 34 :
Which of these reflect a country's record of all international transactions?

Question 36 :
Which of these are shown on receipt side of balance of payment account?

Question 37 :
___________ is a record of all economic transaction made between the residents of one country with the residents of the rest of the world.

Question 38 :
Many a time we read in financial newspapers a term/name NMCEX. What is the full form of the same?

Question 40 :
Which of the following economic concepts is categorised on the basis of current account or capital account or both?

Question 41 :
Deficit in balance of trade indicates deficit in balance of payments also.

Question 43 :
Devaluation and depreciation of currency are one and the same thing.

Question 44 :
Match the items of List-I items in List-II and select a correct code:<table class="wysiwyg-table"><tbody><tr><td>List-I</td><td>List-II</td></tr><tr><td>(a) Current Account</td><td>(i) Official Capital</td></tr><tr><td>(b) Capital Account</td><td>(ii) Reserves from foreign countries</td></tr><tr><td>(c) Unilateral Payments</td><td>(iii) Reparations</td></tr><tr><td>(d) Official Statement Account</td><td>(iv) Visible and invisible exports and imports</td></tr></tbody></table>

Question 47 :
The difference between merchandise exports and imports is termed as ______.

Question 48 :
Borrowing by government from World Bank to finance the BOP deficit will be recorded in the capital account.

Question 50 :
To keep the balance of payments deficit from becoming excessive, an under-developed country should ____________.