Question # 1

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

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Capital account

Visible balance

Invisible balance

Offiicial financing

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

A country does not trade with othr contries is called an economy

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Open

Closed

Independent

None

IMF has given loan to Pakistan. It wilimprove Pakistan's

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Current account

Capital Account

Overall balance of payments

B and c above

Invisible items in balce of payments include.

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Foreign remittances

Income from tourism

Internet charges

All the three

Visible goods are recorded int his part of balance of payments account

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Current account

Capital account

Govt account

Official Account

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

It helps countries to meet deficit in balcne of payments.

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IMF

WTO

World Bank

UNO

Exchange rate for currencies is determined by supply and demand in system of.

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Fixed exchange

flexible

Constatn

Regulated

The receipt of payments for goods exported and imported are counted in .

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Capital Account

Trade Account

Current account

Monetary account

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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test MCQs With Answers

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