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

Balance of payment of a country includes ______.

(a)

Current account

(b)

Monetary account

(c)

Capital account

(d)

All of the above

Balance of payments of a country has ______  parts.

(a)

2

(b)

3

(c)

4

(d)

5

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

(a)

favourable

(b)

unfavourable

(c)

both (a) or (b)

(d)

none of these

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

(a)

narrow

(b)

wider

(c)

both (a) and (b)

(d)

none of these

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

(a)

1

(b)

2

(c)

3

(d)

4

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

(a)

Goods Import

(b)

Goods Export

(c)

Capital items

(d)

None of these

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)

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

(a)

Automatic correction

(b)

Planned measure

(c)

Both (a) and (b)

(d)

None of these

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

(a)

Long term

(b)

Short term

(c)

Both (a) and (b)

(d)

None of these