Roll No.

: Time -
Date : MM - 30  

1. Balance of Trade refers to balance of exports and imports of:

1
(a) Visible items

(b) Invisible items

(c) Both

(d) None

2. What is ‘trade balance’? 1

3. Give the meaning of Balance of Payments.

1
Or

What is meant by Balance of Payments?

4. Name the two sub-accounts (or parts) of BoP accounts. 1

5. Define autonomous transactions in BoP. 1

6. Define accommodating transactions in BoP. 1

7. What do we mean by deficit in BoP? 1

8. What do we mean by surplus in BoP? 1

9. Define capital account of BoP. 1

10. Define current account of BoP. 1

11. A country’s balance of trade is 100 crores and value of export of goods is  175 crores. Find 1
out value of import of goods.

12. A country’s balance of trade is (–) 60 crores and value of import of goods is 100 crores. Find 1
out the value of export of goods.

13. Unilateral transfers are a part of:

1
(a) Capital Account

(b) Current Account

(c) Balance of Trade Account

(d) Balance of Payment Account and Current Account

14. Which exchange rate is officially declared by the government?

1
(a) Managed Floating Rate

(b) Floating Exchange Rate

(c) Fixed Exchange Rate

(d) None

15. Distinguish between current account and capital account of balance of payments account. 3

16. Explain the meaning of deficit in the balance of payments. 3

17. What does balance of payment account show? Name the two parts of balance of payment 3
account.

Explain the distinction between autonomous and accommodating transactions in balance of 6

payments. Also explain the concept of balance payments deficit in this context.

The following figures are based on the balance of payments accounts:

1
( in crores)

(i) Imports of goods 400

(ii) Export of goods 340

(iii) Shipping 3

(iv) Travel Tourism, etc. 5

(v) Interest, dividends, profits 50

(vi) Unilateral Transfers 40

Calculate Balance of Trade.