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CUET Economics 2022 PYQs15 July Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2022 15 July Shift 2

Balance of Payments

past year questions, Macro, CUET Economics 2022 15 July Shift 2

Medium

Which of the following is not a component of current account:

Solution

✅ Correct Option: 4

The current account records trade in goods, services, and unilateral transfers. Imports of machines are part of merchandise trade, trade in services is invisibles, and grants are unilateral transfers. Purchase of stock of a foreign company is a financial investment recorded under the capital account, not the current account.

Related questions:

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Official reserve sale refers to

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  3. Net consequences of autonomous transactions.
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Which one of the following statements is correct about the balance of payment (BOP)?

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In a fixed exchange rate system, when the government increases the value of foreign currency, this change is called:

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Which of the following statement is true about Autonomous transactions?

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Which of the following is not a component of capital account ?

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Capital Account of balance of payment includes :

(A) Export and Import of goods

(B) Receipt of loans from abroad

(C) Purchase of shares in foreign countries

(D) Current transfers from Abroad

(E) Repayment of International loans

Choose the correct answer from the options given below :

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