Balance of Payments Test 02 Preparation Online Leave a Comment / Economics / By Shani Malik Balance of Payments Test 02 Preparation Online 1. Export of goods is called trade in?A. Visible goodsB. Basic goodsC. Non-real goodsD. Invisible goods Loading... 2. Export of goods is called trade in?A. Real goodsB. Invisible goodsC. Basic goodsD. Visible goods Loading... 3. If balance of payments of country is in deficit, then?A. Current account will be in deficit B. Country can increase money supply to meet deficitC. (a) and (c) of aboveD. The country can borrow from abroad Loading... 4. Flexible exchange rate system has the advantage?A. None of the aboveB. Easy to borrow from world bankC. Encourages exportsD. Automatic adjustment of balance of payments Loading... 5. Fixed exchange rate system has the advantage?A. Automatic adjustment of balance of paymentsB. Increases govt. control over foreign tradeC. (b) and (c) of aboveD. Discourages unnecessary speculation about future trade deals Loading... 6. The balance of payments account of a country includes?A. Loans and aidB. Both a and c of the aboveC. Smuggling transactionsD. Official transfer of foreign exchange Loading... 7. IMF represents?A. International Money FlowB. International Monetary FinanceC. International Monetary FundD. International Money Forum Loading... 8. Visible imports include?A. MachineryB. Computer softwareC. RemittanceD. Transport cost Loading... 9. Visible exports include?A. Computer hardwareB. RemittanceC. Transport costD. Computer software Loading... 10. Visible goods are recorded in this part of balance of payments account?A. Official accountB. Capital accountC. Govt. accountD. Current account Loading... Loading... Related NTS Results Post:Biology Mcqs Test 15 Online PreparationBiology Mcqs Test 14 Online PreparationBiology Mcqs Test 13 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 09 Online PreparationChemistry MCQs Test 05 Online PreparationChemistry MCQs Test 06 Online Preparation
