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11th Standard Commerce - Balance of Trade and Balance of Payments Book Back Questions Question Bank Software Sep-12 , 2019

Balance of Trade and Balance of Payments 

11th Standard Commerce - Balance of Trade and Balance of Payments Book Back Questions

Balance of Trade and Balance of Payments Book Back Questions

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 20
    3 x 1 = 3

  1. The Statement which discloses a record of transactions between the residents of one country and residents of Foreign Country.

    (a)

    Balance of Payment

    (b)

    Balance of Trade

    (c)

    Statement of receipts and payments

    (d)

    Accounting Statement

  2. Foreign Capital long-term loan and Foreign Currency reserve are recorded under_____.

    (a)

    Official Capital

    (b)

    Private Capital

    (c)

    Banking Capital

    (d)

    Both private and official Capital

  3. The term official capital includes ______.

    (a)

    RBI holdings of foreign currencies

    (b)

    Special drawing rights held by the Government

    (c)

    Both A and B

    (d)

    Foreign Investment

    4. 3 x 2 = 6

  4. What do you mean by Balance of Payment?

  5. Define Balance of payments

  6. Mention the components of Official Capital?

    7. 2 x 3 = 6

  7. Why is Balance of Payment prepared?

  8. What are the credit items shown in current accounts(any 3)?

    9. 1 x 5 = 5

  9. Distinguish between balance of payment and balance of trade.(any 5)

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