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Test: Balance Of Payment - CA Foundation MCQ

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30 Questions MCQ Test - Test: Balance Of Payment

Test: Balance Of Payment for CA Foundation 2024 is part of CA Foundation preparation. The Test: Balance Of Payment questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Balance Of Payment MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Balance Of Payment below.

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Test: Balance Of Payment - Question 1

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__________ is a systematic record of all the economic transaction between one country and rest of the would:

A.
Balance of Trade
B.
Balance of Transaction
C.
Budget
D.
Balance of payment

Test: Balance Of Payment - Question 2

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Which one of the following was not the immediate cause of 1991 economic crisis?

A.
Rapid growth of population
B.
Severe inflation
C.
Expanding fiscal deficit
D.
Rising current account deficit.

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Test: Balance Of Payment - Question 3

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Devaluation Means:

A.
To reduce the value of home currency in other currency
B.
To appreciate the value of home currency
C.
To increase the value of home currency in other currency
D.
To constant the value of home currency

Test: Balance Of Payment - Question 4

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A systematic record of all receipts and payments of a country in international transactions in one year is called.

A.
Balance of trade
B.
Balance of payment
C.
Balance of current account
D.
Balance of capital account

Test: Balance Of Payment - Question 5

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The difference between the value of a nation’s visible exports and visible imports is called:

A.
Balance of Trade
B.
Balance of Payments
C.
Balance of Current Account
D.
Balance of Capital Account.

Test: Balance Of Payment - Question 6

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The difference between the value of a nations visible exports and visible import is

A.
Balance of trade
B.
Balance of payments
C.
Balance of current Account
D.
Balance of Capital Account

Test: Balance Of Payment - Question 7

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Deficit budget is linked with:

A.
Deficit is revenue account
B.
Deficit is capital account t
C.
Both (a) and (b)
D.
None of the above.

Test: Balance Of Payment - Question 8

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A balance of payment deficit can be removed through

A.
Devaluation of currency
B.
Vigorous export promotion
C.
Import substitution
D.
All of the above.

Test: Balance Of Payment - Question 9

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The current account of Balance of Payment includes trade balance and ______

A.
Settlement account
B.
Capital account
C.
Invisibles
D.
Errors and omissions

Test: Balance Of Payment - Question 10

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OECD stands for :

A.
Organization for export co-operation & development
B.
Organization for economic commission & development
C.
Organization for export commission & development
D.
Organization for economic co-operation & development

Test: Balance Of Payment - Question 11

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Invisible items are part of ________.

A.
Balance of Trade Account
B.
Balance of Payment Account
C.
Official Reserve Account
D.
Reserve Bank of India Account.

Test: Balance Of Payment - Question 12

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If a country is having more Exports than imports in value terms it can be said that country is having:

A.
Deficit under BOP
B.
Deficit under BOT
C.
Surplus under BOT
D.
Surplus under BOP

Test: Balance Of Payment - Question 13

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India has witnessed a surplus for the third successive year in which account of the balance of payment?

A.
Trade account of BOP
B.
Current account of BOP
C.
Both (a) and (b)
D.
None of these

Test: Balance Of Payment - Question 14

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As per IMF balance of payment manual, import export of goods should be presented on :

A.
FOB basis
B.
FOR basis
C.
CIF basis
D.
All of these

Test: Balance Of Payment - Question 15

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Devaluation means :

A.
To reduce the value of home currency in other currency
B.
To appreciate the value of home currency
C.
To issue, new currency in place of old currency
D.
None of these

Test: Balance Of Payment - Question 16

Save

Which one of the following was not the immediate cause of 1991 economic crisis?

A.
Rapid growth of population
B.
Severe inflation
C.
Expanding fiscal deficit
D.
Rising current account deficit.

Test: Balance Of Payment - Question 17

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Advance balance of payments can be corrected through

A.
Devaluation of currency
B.
Vigorous exports promotion
C.
Import substitution
D.
All of the above.

Test: Balance Of Payment - Question 18

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In India which authority takes purview of import & export:

A.
EXIM
B.
RBI
C.
Ministry of Finance
D.
Ministry of commerce

Test: Balance Of Payment - Question 19

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_________ is a systematic record of all the economic transaction between one country and rest of the would:

A.
Balance of Trade
B.
Balance of Transaction
C.
Budget
D.
Balance of payment

Test: Balance Of Payment - Question 20

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In the Balance of Payments which of the following does not belong to Current Account?

A.
Balance of Trade
B.
Balance of Services
C.
Balance of Unilateral Transfers
D.
Balance of Private Direct Investment.

Test: Balance Of Payment - Question 21

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Which one of the following is not a current account transaction?

A.
Exports receivables
B.
Insurance
C.
Dividend
D.
External commercial borrowings.

Test: Balance Of Payment - Question 22

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If a country is having more Exports than imports in value terms it can be said that country is having:

A.
Deficit under BOP
B.
Deficit under BOT
C.
Surplus under BOT
D.
Surplus under BOP

Test: Balance Of Payment - Question 23

Save

Balance of payment deficit can be removed through:

A.
Devaluation of currency
B.
Vigorous export promotion
C.
Import substitution
D.
All of the above

Test: Balance Of Payment - Question 24

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Change in exchange rate from dollar 1 = Rs. 46 to dollar 1 = Rs. 39 implies _______.

A.
Appreciation of rupee.
B.
Depreciation of rupee.
C.
Devaluation of rupee.
D.
None of the above.

Test: Balance Of Payment - Question 25

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A systematic record of all the transactions between one country and the rest of the world is------

A.
Balance of trade
B.
Balance of transaction
C.
Budget
D.
Balance of payment

Test: Balance Of Payment - Question 26

Save

Devaluation Means:

A.
To reduce the value of home currency in other currency
B.
To appreciate the value of home currency
C.
To increase the value of home currency in other currency
D.
To constant the value of home currency

Test: Balance Of Payment - Question 27

Save

The current account of Balance of payment includes trade balance and ________.

A.
Settlement account
B.
Capital account
C.
Invisibles
D.
Errors and omissions

Test: Balance Of Payment - Question 28

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The current account of Balance of Payment includes trade balance and ______

A.
Settlement account
B.
Capital account
C.
Invisibles
D.
Errors and omissions

Test: Balance Of Payment - Question 29

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If foreign exchange rate changes from 1dollar = 46 to1dollar = 36, the money is _______.

A.
Depreciated
B.
Appreciated
C.
Devalued
D.
None.

Test: Balance Of Payment - Question 30

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India has witnessed a surplus for the third successive year in which account of the balance of payment?

A.
Trade account of BOP
B.
Current account of BOP
C.
Both (a) and (b)
D.
None of these

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