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11th Standard English Medium Commerce Subject Balance of Trade and Balance of Payments Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. Which of the following does not include the invisible items?

    (a)

    Balance of Trade

    (b)

    Balance of payments

    (c)

    Both (a) and (b)

    (d)

    None of these

  2. Balance of payment of a country includes ______.

    (a)

    Current account

    (b)

    Monetary account

    (c)

    Capital account

    (d)

    All of the above

  3. Final balance of payments of a country is ______

    (a)

    Always balanced

    (b)

    Always deficit

    (c)

    Always surplus

    (d)

    Fluctuates

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

    (a)

    2

    (b)

    3

    (c)

    4

    (d)

    5

  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

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