Macro

Balance of Payments

Easy

When the country purchase the goods and services from rest of the world, this is called:

Exports

Imports

Trade

Exchange

✅ Correct Option: 2

When a country purchases goods and services from the rest of the world, the transaction is called an import. Exports, in contrast, are sales of goods and services to the rest of the world.

2026: 11 May Shift 2

The Capital Account of Balance of Payments includes:

2022: 15 July Shift 2

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

2026: 15 May Shift 1

Match the LIST-I with LIST-II

LIST-I	LIST-II
A. Third element of BOP	I. Dirty floating
B. Managed Floating	II. Depreciation of domestic currency
C. When the government makes domestic currency cheaper	III. Errors and omissions
D. When the price of foreign currency in terms of domestic currency has increased	IV. Devaluation

Choose the correct answer from the options given below:

2026: 15 May Shift 1

There is a new classification in which the Balance of Payment have been divided into three accounts - the Current Account, the Capital Account and?

2025: 15 May Shift 1

"GST has improved India's ranking in terms of ease of doing business. The introduction of GST has attracted foreign investors in large numbers."

What will be the sequential impact of the above on the exchange rate of the rupee in the international money market?

(A) The supply curve of foreign exchange shifts to the right.

(B) The exchange rate starts falling.

(D) An increase in foreign investment increases the supply of foreign exchange.

Choose the correct answer from the options given below:

2026: 21 May Shift 2

Calculate the current account balance from the information given below:

Exports = 400 crores

Imports = 750 crores

Net Invisibles

Income = - 60 crores

Transfer = 90 crores

When the country purchase the goods and services from rest of the world, this is called:

Solution

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