Balance of Payments Test 04 Preparation Online Shani Malik — May 22, 2018 in Economics • add comment Balance of Payments Test 04 Preparation Online 1. Exchange rate for currencies is determined by supply and demand in system of?A. ConstantB. Govt. regulatedC. Fixed exchange rateD. Flexible Loading... 2. A country that does not trade with other countries is called an economy?A. ClosedB. None of theseC. OpenD. Independent Loading... 3. Balance of payments of a country includes?A. Balance of tradeB. Capital receipts and paymentsC. Saving and investment accountD. Both (a) and (b) Loading... 4. If GNP of Pakistan rises, it will encourage?A. ImportsB. BothC. ExportsD. None of these Loading... 5. If Japanese import more goods from Pakistan (other things remain same)?A. (a) and (b) of aboveB. Our balance of payments will improveC. Japan's BOP will deteriorateD. Our BOP will deteriorate Loading... 6. Balance of payments of a country includes?A. Moentary accountB. Current accountC. All of aboveD. Capital account Loading... 7. Final balance of payments of a country is?A. Always deficitB. Always balancedC. FluctuatesD. Always surplus Loading... 8. Pakistan follows the policy of?A. Flexible exchange rateB. Fixed exchange rateC. Controlled exchange rateD. Increasing exchange rate Loading... 9. Invisible items in balance of payments include?A. All the threeB. Internet chargesC. Foreign remittancesD. Income from tourists Loading... 10. Balance of payments of a country has parts?A. 4B. 2C. 3D. 5 Loading... Loading...
