Balance of Trade and Balance of Payments Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:30:00 Hrs
Total Marks : 40
    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. The balance of Payment Councils Consists of

    (a)

    Current Account

    (b)

    Capital Account

    (c)

    Receipts and Payments Account

    (d)

    Both Current Account and Capital Account

  3. 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

  4. 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

  5. Balance of Payment 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

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

    (a)

    narrow

    (b)

    wider

    (c)

    both (a) and (b)

    (d)

    none of these

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

    (a)

    1

    (b)

    2

    (c)

    3

    (d)

    4

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

    (a)

    Goods Import

    (b)

    Goods Export

    (c)

    Capital items

    (d)

    None of these

  9. Balance of Payments always .................. sense also.

    (a)

    Equilibrium

    (b)

    Nil

    (c)

    Balance

    (d)

    None of these

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

    (a)

    Long term

    (b)

    Short term

    (c)

    Both (a) and (b)

    (d)

    None of these

  11. 4 x 2 = 8
  12. What do you mean by Balance of Payment?

  13. Define Balance of Payment.

  14. What is the composition of Private Capital?

  15. Mention the components of Official Capital?

  16. 4 x 3 = 12
  17. Why is Balance of Payment prepared?

  18. What does Balance of Payment Disclose?

  19. State the Components of capital account.

  20. What are all the elements of current account balance?

  21. 2 x 5 = 10
  22. Distinguish Balance of Payments and Balance of Trade.

  23. Highlight the features of balance of trade.

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