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11th Standard Commerce Balance of Trade and Balance of Payments English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  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. 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

  4. Final balance of payments of a country is ______

    (a)

    Always balanced

    (b)

    Always deficit

    (c)

    Always surplus

    (d)

    Fluctuates

  5. 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

  6. Balance of trade is only ............... of the balance of payment.

    (a)

    less than

    (b)

    more than

    (c)

    segment

    (d)

    none of these

  7. Balance of payment is ................ term.

    (a)

    narrow

    (b)

    wider

    (c)

    both (a) and (b)

    (d)

    none of these

  8. Balance of payment cover the value of imports and exports of ....................

    (a)

    visible items

    (b)

    non-visible items

    (c)

    both (a) and (b)

    (d)

    none of these

  9. Unilateral Payments Account Credit items shows ..................

    (a)

    Private-remittances received from foreign countries

    (b)

    Pension Payments to foreign countries

    (c)

    Private remittances of foreign countries

    (d)

    Both (a) arid (b)

  10. It is one monetary measure taken to correct adverse balance of payment .......................

    (a)

    Devaluation of Home currency

    (b)

    Import duties

    (c)

    Both (a) and (b)

    (d)

    None of these

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