Macro

Balance of Payments

Hard

(A) Smithsonian Agreement

(B) Bretton Woods Conference

(D) Gold Standard

Arrange the following elements in correct chronological sequence (earliest to latest) :

(A), (B), (C), (D)

(D), (B), (A), (C)

(D), (A), (B), (C)

(C), (B), (D), (A)

✅ Correct Option: 2

Gold Standard -> established first
Bretton Woods Conference -> replaced Gold Standard -> led to Smithsonian Agreement
Smithsonian Agreement -> temporary fix -> led to WTO

Correct sequence: Gold Standard -> Bretton Woods -> Smithsonian Agreement -> WTO

2023: 11 June Shift 3

Profits obtained by a foreign firm's branch in India will be recorded on which side and in which account of balance of payment.

2022: 15 July Shift 2

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

2023: 30 May Shift 1

Which of the following are the components of current Account ?

(A) Trade in Services

(B) Trade in Goods

(D) External borrowings

(E) External Assistance

Choose the correct answer from the options given below :

2025: 13 May Shift 2

An increase in exchange rate implies that the price of foreign currency in terms of domestic currency has increased; this is called ........

2025: 14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Devaluation	(I) Price of foreign currency in terms of domestic currency increase
(B) Revaluation	(II) Price of domestic currency in terms of foreign currency increases
(C) Depreciation	(III) Increase the exchange rate by the action of the Government
(D) Appreciation	(IV) Decreases the exchange rate by the action of the Government

Choose the correct answer from the options given below:

2025: 16 May Shift 1

Which of the following is incorrect about accommodating transactions of the BoP?

Solution