Page 1 - HA-Balance of Payment

HOME ASSIGNMENT

CLASS-XII

Macroeconomics

Chapter-12-Balance of payment

Question (Very short answer type questions-1 mark) Marks
No
1. Exports and imports of goods is also known as: 1
a. Invisible trade
b. Visible trade
c. Internal Trade
d. One-sided transaction
2. Balance of Payment is a------------------ concept 1
a. Stock
b. Flow
c. Both a) and b)
d. All of these
3. BOP deficit is the excess of: 1
a. Current account payment over current account receipts.
b. Capital account payment over capital account receipts.
c. Autonomous payment over autonomous receipts
d. Accommodating payment over accommodating receipts

4. State whether True or False 1
‘Autonomous items are also known as ‘below the line’.

5. Inflow of foreign exchange is recorded on the------------- side. 1
6. State whether True or False 1
‘Imports of machines is recorded in current account’.

7 An Indian company located in India invests in a company located 1
abroad. This transaction is entered in India’s BOP account on:
a) Debit side of current account
b) Credit side of current account
c) Debit side of Capital account
d) Credit side of capital account

8 ------------------------transaction are undertaken to cover up deficit 1
or surplus in autonomous transaction. (Current
account/Accommodating transactions) choose the correct option.

9. The balance of trade shows a deficit of Rs 300 crores. The value of 1
exports are Rs 500 crores. Calculate the value of imports.
10. Give the meaning of BOP 1