CUET Economics 2025 28 May Shift 1 PYQs

Identify the correct statements with respect to current account:

A. Balance of trade is the difference between export and import of goods in given period of time.

B. Current account records all international transactions of assets.

C. Trade in services includes factor income and non-factor income transactions.

D. Current account is in balance when capital inflows are equal to capital outflows.

Choose the correct answer from the options given below:

Arrange the following steps in correct order with respect to change in exchange rate:

(A) Demand for foreign goods and services increases.

(B) It leads to a shift in the demand curve upward.

(C) That resulted in an increase in prices.

(D) The value of currency will fall in respect of foreign currency.

Choose the correct answer from the options given below:

If we have to pay Rs 150 for 3 pounds, then the exchange rate is Rs........... per pound.