Economics Balance of Payments Test 02 Preparation Online Balance of Payments Test 02 Preparation Online 1. Visible exports include?A. Computer softwareB. RemittanceC. Transport costD. Computer hardware Loading... 2. Export of goods is called trade in?A. Real goodsB. Visible goodsC. Basic goodsD. Invisible goods Loading... 3. Flexible exchange rate system has the advantage?A. None of the aboveB. Automatic adjustment of balance of payments C. Easy to borrow from world bankD. Encourages exports Loading... 4. IMF represents?A. International Money ForumB. International Monetary FundC. International Money FlowD. International Monetary Finance Loading... 5. If balance of payments of country is in deficit, then?A. (a) and (c) of aboveB. The country can borrow from abroadC. Current account will be in deficit D. Country can increase money supply to meet deficit Loading... 6. Visible imports include?A. Transport costB. MachineryC. RemittanceD. Computer software Loading... 7. Fixed exchange rate system has the advantage?A. Automatic adjustment of balance of paymentsB. Discourages unnecessary speculation about future trade dealsC. Increases govt. control over foreign tradeD. (b) and (c) of above Loading... 8. The balance of payments account of a country includes?A. Official transfer of foreign exchangeB. Smuggling transactionsC. Loans and aidD. Both a and c of the above Loading... 9. Visible goods are recorded in this part of balance of payments account?A. Official accountB. Capital accountC. Current accountD. Govt. account Loading... 10. Export of goods is called trade in?A. Non-real goodsB. Invisible goodsC. Visible goodsD. Basic goods Loading... Loading... Related PostsBalance of Payments Test 03 Preparation OnlineBalance of Payments Test 04 Preparation OnlineBalance of Payments Test 01 Preparation OnlineBISP 8171 Result 2023 Check Status By CNIC Online8171 Check Online 2023 Lahore (pass.gov.pk)BISP 8171 Result Check Online 2023 by CNIC Continue Reading Previous Balance of Payments Test 01 Preparation OnlineNext Balance of Payments Test 03 Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ