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11th Standard English Medium Commerce Subject Balance of Trade and Balance of Payments Book Back 1 Mark Questions with Solution Part - I Question Bank Software Jun-09 , 2021

QB365 provides detailed and simple solution for every Book back Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every book back questions with solution.

11th Standard English Medium Commerce Subject Balance of Trade and Balance of Payments Book Back 1 Mark Questions with Solution Part - I

11th Standard English Medium Commerce Subject Balance of Trade and Balance of Payments Book Back 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5

  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. The Balance of Payments councils consists of_____.

    (a)

    Current Account

    (b)

    Capital Account

    (c)

    Receipts and Payments Account

    (d)

    Both Current Account and Capital Account

  3. 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

  4. 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

  5. Balance of payments surplus indicates _______.

    (a)

    Exports are more than the Imports

    (b)

    Imports are more than Exports

    (c)

    Exports and Imports are at equilibrium

    (d)

    Exports and Imports are above equilibrium

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