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11th Standard Commerce Balance of Trade and Balance of Payments English Medium Free Online Test One Mark Questions with Answer Key 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 Balance of Payments councils consists of

    (a)

    Current Account

    (b)

    Capital Account

    (c)

    Receipts and Payments Account

    (d)

    Both Current Account and Capital Account

  2. Balance of payment of a country includes:

    (a)

    Current account

    (b)

    Monetary account

    (c)

    Capital account

    (d)

    All of the above

  3. Balance of payments of a country has ______  parts.

    (a)

    2

    (b)

    3

    (c)

    4

    (d)

    5

  4. Balance of trade of a country may either be ..............

    (a)

    favourable

    (b)

    unfavourable

    (c)

    both (a) or (b)

    (d)

    none of these

  5. Balance of trade is .............. term.

    (a)

    narrow

    (b)

    wider

    (c)

    both (a) and (b)

    (d)

    none of these

  6. Components of Balance of Payments are ..................

    (a)

    1

    (b)

    2

    (c)

    3

    (d)

    4

  7. Debit items of Current Account shows .............

    (a)

    Goods Import

    (b)

    Goods Export

    (c)

    Capital items

    (d)

    None of these

  8. Unilateral Payments Accounts Debit items ..........................

    (a)

    Private remittances to foreign countries

    (b)

    Private remittances from foreign countries

    (c)

    Pension Payments received from foreign countries

    (d)

    Both (a) and (b)

  9. Measures of correct Disequilibrium in Balance of Payments ....................

    (a)

    Automatic correction

    (b)

    Planned measure

    (c)

    Both (a) and (b)

    (d)

    None of these

  10. Private capital is always .................

    (a)

    Long term

    (b)

    Short term

    (c)

    Both (a) and (b)

    (d)

    None of these

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TN 11th Standard Commerce free Online practice tests

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