CUET Economics 2025 15 May Shift 1 - Identify the correct statement from the following. | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Macro

Medium

A balance of trade surplus always implies a balance of payments surplus.

Balance of current account is always greater than balance of trade.

A balance of payments deficit implies a current account surplus.

Any current account deficit must be financed by a capital account surplus.

✅ Correct Option: 4

Related questions:

22 May Shift 2

The balance of payments records the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period. Identify the main accounts in the balance of payments.

16 May Shift 1

In a situation of Balance of payments deficit, which of the following will be true?

Official reserves will increase
Official reserves will fall.
Official reserves will not be affected.
There will be an increase in international lending of the economy.

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:

CUET Economics 2025 15 May Shift 1 PYQs

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