| 1 |
Balance of payment of a country is balanced when its |
- A. Receipts are more than payments
- B. Receipts are less than payments
- C. Receipts are equal to payments
- D. None of three
|
| 2 |
In order to improve the balance of payment the foremost try is to increase |
- A. Imports
- B. Exports
- C. Production
- D. Savings
|
| 3 |
Quantity theory of money was introduced in an equation by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. Tausigg
|
| 4 |
Which one of the following is included in balance of payment |
- A. Visible goods
- B. Invisible goods
- C. Visible & invisible goods
- D. Non material goods
|
| 5 |
According to classical theory of international trade, a country imports those goods from the other country which |
- A. Are durable
- B. Are standardised
- C. Are produced comparatively at high cost
- D. Are not produced in that country
|
| 6 |
If the face value of a coin is equal to the value of metal used in: |
- A. Legal money
- B. Token money
- C. Standard money
- D. Both b and c
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| 7 |
" International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by |
- A. Prof. Marshal
- B. Prof.Samuelson
- C. Prof. Ricardo
- D. Prof. Hicks
|
| 8 |
Which one of the following is included in balance of trade |
- A. Visible goods
- B. Invisible goods
- C. Visible & invisible goods
- D. All the three
|
| 9 |
Balance of visible goods of a country mean |
- A. Quantity of imports & exports
- B. Value of imports & exports
- C. Value of imported & exported goods and services
- D. Value of imported & exported services
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| 10 |
"Money is what money does" is the statements of: |
- A. Robbins
- B. Marshall
- C. Hicks
- D. Keynes
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