"Unilateral Transfers" are also known as:

Important Questions on Open Economy Macroeconomics

EASY

Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Balance on ‘Balance of Trade’ can be:

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Those transactions which are undertaken to cover the deficit or surplus in balance of payments are called _____.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

_____ are entered as the negative items in the balance of payment account.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Autonomous transactions take place on:

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Which of the following is a component of Balance of Payment?

HARD

Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

'Charity from Abroad' will be recorded on Accounts _____ (credit/debit) side of the Balance of Payment.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

When receipts of foreign exchange are more than payments of foreign exchange, BOP is:

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

If a country exports more goods than what it imports, than the balance of trade is said to be in _____ .

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Which transactions determine the Balance of Trade?

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Unilateral transfer are also known as _____ Transfers.

HARD

Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

What factors determine the flow of foreign exchange in the country?

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Who out of the following is included in “Residents” in BOP transactions?

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

_____ (Autonomous/ Accommodating) transactions are determined by the gap in the Balance of Payments.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Export and import of goods is also known as:

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

_____ is the difference between the value of exports and imports of goods.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

_____ account of a country refers to an account which records exports and imports of goods and services and unilateral transfers during a given period of time.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Balance of _____ is narrow concept as compared to balance of payment.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Equilibrium in Balance of Payments is achieved when the net value of all the receipts and payments is _____ (zero/positive).

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

In Current Account, when value of credit items are more than debit items, it indicates net _____ of foreign exchange.

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments

Balance of Trade is also known as: