1.

Balance of payments of a country includes:

A.Current account B. Monetary account
C.Capital account D.All of above

2. Balance of payments of a country includes:

A.Balance of trade B.Capital receipts and payments
C.Saving and investment account D.Both (a) and (b)

3. Final balance of payments of a country is:

A. Always balanced B. Always deficit
C. Always surplus D. Fluctuates

4. Balance of payments of a country has

parts: A.2 B.3
C.4 D.5

5. Exchange rate for currencies is determined by supply and demand in system of:
A.Fixed exchange rate
B.Flexible
C.Constant D.Govt. regulated

6. If GNP of Pakistan rises, it will encourage:

A.Export B.Imports
C.Both D.None of these

7. A country that does not trade with other countries is called an economy:
A.Open B.Closed
C.Independent D.None of these
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8. If Japanese import more goods from India (other things remain same)
A.Our balance of payments will improve
C.Our BOP will deteriorate D.(a) and (b) of above

9. Invisible items in balance of payments include:

A.Foreign remittances
C.Internet charges D.All the three