#balance of payments

Balance of Payments 2

Which of the following international organizations helps its member countries during the Balance of Payment Crisis?

International Monetary Fund BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 2

A component of current account of the BOP account is

Exports and imports of goods BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 1

Current account records all payments to rest of the world as ______ and all receipts from rest of the world as _____

Debit, credit BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 1

Balance of trade is a _______ concept as compared to balance of payments.

narrower BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 1

Which of the following is not the part of net invisibles of Balance of Payments Current Account?

External Assistance BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Balance of Payments 1

Which component of Balance of payment monitors the inflow and outflow of goods and services between countries?

Current account BOP correct; tariff barrier makes imports costlier restricts trade.

Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.

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Introduction to Microeconomics 7

If Trade Deficit is Rs. 2000 crores and imports is worth ₹4000 crore, then the value of exports will be:

₹2000 crore correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

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Introduction to Microeconomics 6

Uni-lateral transfers are included in

current account BoP correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

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Introduction to Microeconomics 6

Balance on invisible trade is equal to

Export of services - Import of correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

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