CLASS:- XII SUBJECT:-ECONOMICS
LESSON-09- BALANCE OF PAYMENTS
1-Balance of Trade refers to balance of exports and imports of:
a)Visible items
b)Invisible items
c)Both
d)None
Ans:-A
2-Unilateral transfers are a part of :
a)Capital Account
b)Current Account
c)Balance of Trade Account
d)Balance of Payment Account and Current Account
Ans:-D
3-The exchange rate determined by the free play of the force of demand and supply of foreign exchange is:
a)Flexible Exchange Rate
b)Fixed exchange Rate
c)Managed Floating
d)None
Ans:-A
4-Which exchange rate is officially declared by the government?
a)Managed Floating rate
b)Floating Exchange Rate
c)Fixed Exchange Rate
d)None
Ans:-C
5-If the price of 1 US$ has fallen from Rs 56 to Rs 52, the Indian currency has:
a)Depreciated
b)Appreciated
c)Devalued
d)None
Ans:-B
Share : CBSE - +2 - Economics - Balance of Payments
CBSE - +2 - Economics - Balance of Payments
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Oleh
TNPSC Master
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