Balance of Payments (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 24 - 34 of 44

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Question number: 24

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

Short Answer Question▾

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Define stock variable.

Question number: 25

» Balance of Payments » Balance of Payments Account

Short Answer Question▾

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List two items of the capital account of balance of payments account.

Question number: 26

» Balance of Payments » Balance of Payments Account

Essay Question▾

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Distinguish between the current account and the capital account of Balance of Payments. Is import of machinery recorded in current account or capital account? Give reasons for your answer.

Explanation

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Question number: 27

» Balance of Payments » Foreign Exchange Rate

Essay Question▾

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How is foreign exchange rate determined? Use diagram.

Explanation

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Question number: 28

» Balance of Payments » Foreign Exchange Rate

Essay Question▾

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What is foreign exchange market? How is foreign exchange rate determined in this market?

Explanation

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Question number: 29

» Balance of Payments » Balance of Payments Account

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State components of the current account of the balance of payments account.

Question number: 30

» Balance of Payments » Foreign Exchange Rate

Short Answer Question▾

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Define flexible exchange rate system.

Question number: 31

» Balance of Payments » Foreign Exchange Rate

Essay Question▾

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Explain two merits each of flexible foreign exchange rate and fixed foreign exchange rate.

Explanation

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Question number: 32

» Balance of Payments » Balance of Payments Account

Essay Question▾

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List the types of transaction that are recorded in the current account of balance of payments account.

Explanation

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Question number: 33

» Balance of Payments » Foreign Exchange Rate

Essay Question▾

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Explain two merits and two demerits of fixed foreign exchange rate.

Explanation

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Question number: 34

» Balance of Payments » Balance of Payments Account

Essay Question▾

Describe in Detail

How will you treat the following while estimating domestic factor income of India? Give reasons for your answer.

(i) Remittances from non-resident Indians to their families in India.

(ii) Rent paid by the embassy of japan in India to a resident Indian.

(iii) Profits earned by branches of foreign bank in India.

Explanation

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