Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

balance of payment

Total questions: 41

Worksheet time: 21mins

Name
Class
Date
1.

Balance of payment is measured as

a)

Difference between visible items of exports and imports

b)

Difference between invisible items of exports and imports

c)

Difference between external and internal flow of gold

d)

Difference between all receipts of foreign exchange and payment of foreign exchange

2.

Balance of trade is measure as

a)

Difference between import and export of goods

b)

Difference between import and export of services

c)

Difference between import and export of capital

d)

Difference between all exports and all imports

3.

Current account records transactions relating to

a)

Export and import of goods

b)

Non factor and factor income

c)

Current transfers

d)

All of these

4.

Which of the following items related to BOP on capital account?

a)

Foreign investment

b)

Loans

c)

NRI remittances

d)

All of these

5.

Unilateral transfers are

a)

One sided payments

b)

Reciprocal payments

c)

Factor incomes

d)

None of these

6.

Suppose in BOP occurs when

a)

Receipts =payments

b)

Receipts < payments

c)

Receipts > payments

d)

Both a and c

7.

Causes of BOP imbalance relates to

a)

Autonomous items

b)

Accommodating items

c)

Both a and b

d)

Neither a nor b

8.

Disequilibrium in Balance of payments leads to:

a)

Increase or decrease in official reserves with RBI

b)

Increase or decrease in rate of commercial banks

c)

Both A and B

d)

None of these

9.

Trade deficit refers to the situation where

a)

Export of goods is more than the import of goods

b)

Export of goods is less than the import of goods

c)

Export of services is more than the import of services

d)

Export of services is less than the import of services

10.

Gifts and grants received from abroad are recorded on which side of BoP Account

a)

Credit side of current Account

b)

Debit side of current Account

c)

Credit side of Capital Account

d)

Debit side of Capital Account

11.

Investment by Indian residents in shares of foreign companies is recorded on which side of BoP account

a)

Credit side of current Account

b)

Debit side of Current Account

c)

Credit side of Capital Account

d)

Debit side of Capital Account

12.

Surplus in current account arises when

a)

Credit side is more than debit side

b)

Debit side is more than credit side

c)

Credit side is equal to debit side

d)

None of the above

13.

________ Disequilibrium in balance of payments may correct automatically

a)

Short -run disequilibrium

b)

Structural Disequilibrium

c)

Long-run Disequilibrium

d)

Monetary Disequilibrium

14.

____________ disequilibrium is chronic in nature

a)

Cyclical

b)

Fundamental

c)

Structural

d)

Monetary

15.

Current Account records all payments to the rest of the world as _____ and all receipts from rest of the world as______

a)

Credit,

Debit

b)

Debit,

Credit

c)

Debit,

Debit

d)

Credit

Credit

16.

Which out of the following is not included in "Residents" in B.o.P transactions?

a)

Firms

b)

Foreign military personnel

c)

Government agencies

d)

Individuals

17.

An accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world is

a)

Balance of Payments

b)

Balance of Trade

c)

Government Budget

d)

None of these

18.

The inflow of foreign exchange is recorded on the _______ side

a)

Credit

b)

Debit

c)

Both (a) and (b)

d)

Neither (a) nor (b)

19.

which is systematic record ofall the economic transactions between one country and rest of the world

a)

Balance of trade

b)

Balance of transactions

c)

Budget

d)

Balance of payments

20.

Capital account may be

a)

Private capital

b)

Banking capital

c)

official capital

d)

all of them

21.

Which of the following items are not a part ofcapital account?

a)

loans

b)

Banking capital transactions

c)

Unilateral transactions

d)

Portfolio investment

22.

which of the following is not a part of current account

a)

Export of goods

b)

Imports of services

c)

Grants and gifts

d)

FDI

23.
What does WTO stand for?
a)
World Trade Organisation
b)
World Telecoms Organisation
c)
We Trade Oranges
d)
World Tarriff Office
24.
When was the WTO set up?
a)
1995
b)
1949
c)
1945
d)
1980
25.
Where is the WTO Headquarters?
a)
Geneva
b)
Brussels
c)
London
d)
New York
26.
What is the most important job of the WTO?
a)
Resolve trade disputes
b)
Set oil prices
c)
Support developing countries
d)
Decide on border disputes
27.

Which is not the objective of the WTO?

a)

Negotiating trade rules

b)

Settling disputes

c)

Maintaining open trade

d)

To improve the Balance of Payment situation of the member countries

28.

TRIPS And TRIMS are the term associated with?

a)

IMF

b)

WTO

c)

IBRD

d)

IDA

29.

The terms TRIPS and TRIMS are related to

a)

GATT

b)

EFTA

c)

SAPTA

d)

NAFTA

30.

WTO is the successor of?

a)

IMF

b)

GATT

c)

EFTA

d)

SAPTA

31.

Full form of TRIPS

(a)  

32.

When did the World Trade Organization come into effect?

a)

March 6, 1996

b)

April 8, 1994

c)

February 5, 1994

d)

January 1, 1995

33.

______________ refers to protect international trade from trade related investment measure that countries adopt to protect their domestic trade.

a)

TRIPS

b)

TRIMS

c)

GATS

d)

AOA

34.
Which of these areas is not a focus of the WTO?
a)
Climate Change
b)
International Trade Restrictions
c)
Food Prices
d)
Import Duties
35.

TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by:

a)

World Bank (WB)

b)

United Nations Organization (UNO)

c)

World Trade Organization (WTO)

d)

United Nations Conference on Trade and Development (UNCTAD)

36.

______________ refers to protect international trade from trade related investment measure that countries adopt to protect their domestic trade.

a)

TRIPS

b)

TRIMS

c)

GATS

d)

AOA

37.

The new round of services negotiations will force WTO Member countries to open all their services sectors to foreign competition

a)

True

b)

False

38.

The services negotiations mean that all public services will have to be open to foreign competition

a)

True

b)

False

39.

Liberalization under GATS means deregulation of services

a)

True

b)

False

40.

which of these are listed as a form of mode of supply in services?

a)

Cross-border supply

b)

Consumption abroad

c)

Commercial presence

d)

Presences of Natural Persons

41.

Tahun berapa GATS terbentuk?

a)

Doha Round, 1995

b)

Uruguay Round, 1995

c)

Doha Round, 1947

d)

Uruguay Round, 1947

Similar Resources on Wayground

3D Animation Long Quiz

40 questions

3D Animation Long Quiz

quiz

Worksheet

•

University

MIDTERM EXAMINATION - DRAW 111

38 questions

MIDTERM EXAMINATION - DRAW 111

quiz

Worksheet

•

University

MAPEH 7

40 questions

MAPEH 7

quiz

Worksheet

•

7th Grade - University

PLANNING 2

40 questions

PLANNING 2

quiz

Worksheet

•

University

Beyoncé Quiz

44 questions

Beyoncé Quiz

quiz

Worksheet

•

KG - University

MAPEH 4 - REVIEWER

40 questions

MAPEH 4 - REVIEWER

quiz

Worksheet

•

4th Grade - University

Design Element and Principles

40 questions

Design Element and Principles

quiz

Worksheet

•

University

MIDTERM ART

42 questions

MIDTERM ART

quiz

Worksheet

•

University