Balance of Payments-Balance of Payments Account (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 1 - 12 of 23

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Question number: 1

» Balance of Payments » Balance of Payments Account

Short Answer Question▾

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Explain the meaning of deficit in Balance of Payments.

Question number: 2

» Balance of Payments » Balance of Payments Account

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Distinguish between current account and capital account of balance of payment account. Is import of machinery recorded in current account or capital account?

Question number: 3

» Balance of Payments » Balance of Payments Account

One Liner Question▾

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What is meant by balance of trade?

Question number: 4

» Balance of Payments » Balance of Payments Account

Short Answer Question▾

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

Question number: 5

» Balance of Payments » Balance of Payments Account

One Liner Question▾

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State the nature of transactions that are recorded in current account of the Balance of Payments account.

Question number: 6

» Balance of Payments » Balance of Payments Account

One Liner Question▾

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What is balance of trade?

Question number: 7

» Balance of Payments » Balance of Payments Account

One Liner Question▾

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Give two examples of macroeconomic studies.

Question number: 8

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Explain the meaning of deficit in Balance of payment.

Explanation

The deficit in the Balance of payment is directed by the Balance of transactions in Autonomous items and international economic transactions that are assumed with the sole earning profit. The Balance of product show a deficit if the autonomous receipts are less than the autonomous payments. Autonomous receipts indicate receipt… (26 more words) …

Question number: 9

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Distinguish between devaluation and depreciation of domestic currency.

Explanation

Distinguish between devaluation and depreciation of domestic currency.

Distinguish between devaluation and depreciation of domestic currency in details.

Characteristic

Devaluation of domestic currency

Depreciation of domestic currency

Definition

Devaluation of domestic currency is lowering of value of domestic currency and it is against by monetary authority.

Depreciation of domestic currency… (56 more words) …

Question number: 10

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

One Liner Question▾

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Define Tax.

Question number: 11

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the components of legal reserve ratio.

Explanation

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 Rs. 250 crore and minimum cash ratio… (64 more words) …

Question number: 12

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the distinction between autonomous and accommodating transaction in balance of payments. Also explain the concept of balance of payments ‘deficit’ in this context.

Explanation

Autonomous item in balance of payments: - In this autonomous items include international transactions with a motive of earning profits. Transactions are independent of balance of payments. Autonomous transaction are also called ‘above the line items’ in balance of payments.

Accommodating transaction: - It includes include international transaction this is… (47 more words) …

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