CUET Economics - If the volume of imports of a country are growing faster than its volume of exports, its gross domestic product _______. | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Macro

Medium

Will Fall.

Will Rise.

Remains unaffected.

May rise or fall.

✅ Correct Option: 1

Related questions:

3 June Shift 2

A banking service provided by a country is accounted in the element of the balance of payment.

22 May Shift 1

For example, there is an increase in international travel by Indians. What will be the effect on the domestic currency?

(A). Demand curve shifts upward and right to the original demand curve.

(B). Demand for foreign goods and services increases.

(C). Depreciation of domestic currency (rupees) in terms of foreign currency (dollars).

(D). The value of rupees in terms of dollars has fallen and value of dollar in terms of rupees has risen.

Choose the correct answer from the options given below:

3 June Shift 2

The value of elements of the balance of payments are given as:

Exports: $150$ million

Imports: $240$ million

Invisibles: $52$ million

Non-factor Services: $30$ million

Transfers: $32$ million

What is the current account balance?

CUET Economics 2025 26 May Shift 2 PYQs