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CUET Economics 2025 PYQs30 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2025 30 May Shift 2

Balance of Payments

past year questions, Macro, CUET Economics 2025 30 May Shift 2

Easy

Gifts, remittances and grants in current account are the components of ?

Solution

✅ Correct Option: 1

Transfer Payments -> Gifts, remittances, and grants are unilateral transfers where no goods, services, or assets are received in return. These are categorized as transfer payments in the current account of the Balance of Payments. Transfer payments include both private transfers (remittances from workers abroad, personal gifts) and official transfers (grants from foreign governments, international aid). Unlike trade in goods/services or factor income, transfer payments represent one-way flows without any quid pro quo. -> correct

Related questions:

2025: 2 June Shift 1

Match List-I with List-II

List-IList-II
(A) Exchange Rate(I) Supply of foreign exchange = Demand of foreign currency.
(B) Gold standard system of exchange rate(II) Domestic currency loses its value in relation to a foreign currency.
(C) Par rate of exchange(III) External value of the domestic currency.
(D) Currency Depreciation(IV) An old variant of fixed exchange rate.

Choose the correct answer from the options given below:

2026: 6 June Shift 1

In a fixed exchange rate system, the government's action that increases the exchange rate of foreign currency is called?

2024: 16 May

Match List-I with List-II :

2025: 28 May Shift 1

Foreign exchange reserves are ample, means?

  1. Reserve is sufficient to purchase goods and services from abroad.
  2. Anticipated demand for foreign goods and services can be met through incumbent foreign exchange reserve.
  3. Supply of foreign reserves is more than demand of foreign reserves.
  4. Government is confident about present and future need of foreign reserve.

2025: 28 May Shift 2

The issue of currency's credibility and ensuring stability in international transactions, is handled by ............

2026: 13 May Shift 2

Suppose the Indian government wants to encourage exports and fix a higher exchange rate, say Rs 100 per dollar from the current exchange rate of Rs 80 per dollar. This government action in the exchange rate system is called as?

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