Balance of Trade and Balance of Payments Book Back Questions

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 20
    3 x 1 = 3
  1. The Statement which discloses a record of transactions between the resident of one country and resident of Foreign Country.

    (a)

    Balance of Payments

    (b)

    Balance of Trade

    (c)

    Statement of receipts and payments

    (d)

    Accounting Statement

  2. 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

  3. 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

  4. 3 x 2 = 6
  5. What do you mean by Balance of Payment?

  6. Define Balance of Payment.

  7. Mention the components of Official Capital?

  8. 2 x 3 = 6
  9. Why is Balance of Payment prepared?

  10. What are the credit items shown in current accounts?

  11. 1 x 5 = 5
  12. Distinguish Balance of Payments and Balance of Trade.

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