Balance of Payments Test 02 Preparation Online Shani Malik — May 22, 2018 in Economics • add comment Balance of Payments Test 02 Preparation Online 1. Fixed exchange rate system has the advantage?A. Increases govt. control over foreign tradeB. Discourages unnecessary speculation about future trade dealsC. Automatic adjustment of balance of paymentsD. (b) and (c) of above Loading... 2. IMF represents?A. International Money ForumB. International Monetary FundC. International Money FlowD. International Monetary Finance Loading... 3. Visible exports include?A. Computer softwareB. Computer hardwareC. Transport costD. Remittance Loading... 4. Export of goods is called trade in?A. Basic goodsB. Invisible goodsC. Visible goodsD. Non-real goods Loading... 5. Export of goods is called trade in?A. Invisible goodsB. Basic goodsC. Real goodsD. Visible goods Loading... 6. The balance of payments account of a country includes?A. Smuggling transactionsB. Both a and c of the aboveC. Loans and aidD. Official transfer of foreign exchange Loading... 7. Flexible exchange rate system has the advantage?A. Automatic adjustment of balance of payments B. None of the aboveC. Easy to borrow from world bankD. Encourages exports Loading... 8. Visible imports include?A. Computer softwareB. MachineryC. RemittanceD. Transport cost Loading... 9. Visible goods are recorded in this part of balance of payments account?A. Govt. accountB. Official accountC. Capital accountD. Current account Loading... 10. If balance of payments of country is in deficit, then?A. Country can increase money supply to meet deficitB. The country can borrow from abroadC. (a) and (c) of aboveD. Current account will be in deficit Loading... Loading...
