Balance of Payment – Test 2

____ is a record of all economic transaction between the residents of one country and the residents of the rest of the world

Which of these measures will reduce deficit on the current account of the balance of payments through the use of fiscal policy ?

Depreciation of currency is most likely to help augment balance payment on current account when

Balance of unrequitted transfer includes ____

Balance of payment on current account excludes

Which of the following is not a non-factor input ?

_____ is the difference between value of goods sold to foreign and value of goods imported from foreign country .

Non-factor inputs are known as

Balance of capital account deals with

Balance of payment accounts are prepared on

Which of these sectors is not a part of capital account ?

As per IMF Balance of payment manual, import and export of goods should be presented on

In India imports are presented on ____ basis.

In India exports are presented on _____ basis.

Invisibles include

As per IMF manual, invisibles are classified into _____ items

India classifies invisibles into ___ items

Which of these is not a measure to maintain balance of payment in order ?

Which of these measures would help in maintaining balance of payment account in order ?

Foreign investments includes

GDR stands for

ADR stands for

SDR stands for

CIF stands for

FOB stands for

Devaluation of currency means

Depreciation of currency means

In what way devaluation helps a country

India devalued Rupee first time in

Which of these measures is / are essential to make devaluation successful ?