Balance of Payments [CBSE (Central Board of Secondary Education) Class-12 Economics]: Questions 11 - 22 of 44
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Question 11
Question 12
Question 13
Question 14
Appeared in Year: 2010
Describe in Detail Subjective▾
Explain the meaning of deficit in Balance of payment.
EditExplanation
The deficit in the Balance of payment is directed by the Balance of transactions in Autonomous items and international economic…
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Question 15
Appeared in Year: 2010
Describe in Detail Subjective▾
Distinguish between devaluation and depreciation of domestic currency.
EditExplanation
Characteristic | Devaluation of domestic currency | Depreciation of domestic currency |
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Question 16
Question 17
Question 18
Appeared in Year: 2011
Describe in Detail Subjective▾
When price of a foreign currency rises, its supply also rises. Explain why?
EditExplanation
When the price of foreign currency rises then the domestic goods have become cheaper for the foreign residents because they can buy more goods and services with same worth of foreign currency. So, the foreign demand for domestic products rises. This conducts increase in the exports of domestic country. So, the domestic country receives more foreign…
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Question 19
Appeared in Year: 2011
Describe in Detail Subjective▾
When price of a foreign currency rises, its demand falls. Explain why?
EditExplanation
When the price of foreign currency rises then it involve that foreign goods have become expensive for the domestic residents of the country. T…
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Question 20
Question 21
Question 22
Appeared in Year: 2012
Describe in Detail Subjective▾
Explain the components of legal reserve ratio.
EditExplanation
commercial banks to keep as a cash
Its component are given below:
(i) Cash Reserve Ratio (CRR) :-
CRR is included amount of funds that commercial banks maintain with reserve bank of India.
For example assume that total assets of bank is worth ₹ 250 crore and minimum cash ratio is 10% then the amount the commercial bank has to maintain with reserve bank…
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