12th Class Economics Foreign Exchange Rate Question Bank

done Case - Based - Balance of Payments Total Questions - 4

• question_answer1)

  India's balance of payments this year is going to be 'very very strong' on the back of significant improvement in ' exports and a fall in imports, as stated by Commerce and I Industry Minister Piyush Goyal.

  'We are in July at about 91% export level of July 2019 figures. Imports are still at about 70-71% level of July 2019.

  So, broadly, our balance of payments this year is going to be very, very strong, which is why we feel confident that

  Indian industry will see opportunities of themselves, will see opportunities of growth', he said.

  Country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59%. The country posted a trade surplus of $0.79 billion in June. It is because of government's efforts to support and promote domestic manufacturing and industry.

  Source: The Hindu, August 10, 2020

  On the basis of above imaginary information, answer the following questions:

  When inflow of foreign currency is greater than the outflow of foreign currency, then there is a .............is balance of payments.

  A)
  surplus done clear
  B)
  above done clear
  C)
  outflow done clear
  D)
  inflow done clear
  View Solution play_arrow

• question_answer2)

  India's balance of payments this year is going to be 'very very strong' on the back of significant improvement in ' exports and a fall in imports, as stated by Commerce and I Industry Minister Piyush Goyal.

  'We are in July at about 91% export level of July 2019 figures. Imports are still at about 70-71% level of July 2019.

  So, broadly, our balance of payments this year is going to be very, very strong, which is why we feel confident that

  Indian industry will see opportunities of themselves, will see opportunities of growth', he said.

  Country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59%. The country posted a trade surplus of $0.79 billion in June. It is because of government's efforts to support and promote domestic manufacturing and industry.

  Source: The Hindu, August 10, 2020

  On the basis of above imaginary information, answer the following questions:

  Autonomous items are known as ..................... the line items.

  A)
  surplus done clear
  B)
  above done clear
  C)
  outflow done clear
  D)
  inflow done clear
  View Solution play_arrow

• question_answer3)

  India's balance of payments this year is going to be 'very very strong' on the back of significant improvement in ' exports and a fall in imports, as stated by Commerce and I Industry Minister Piyush Goyal.

  'We are in July at about 91% export level of July 2019 figures. Imports are still at about 70-71% level of July 2019.

  So, broadly, our balance of payments this year is going to be very, very strong, which is why we feel confident that

  Indian industry will see opportunities of themselves, will see opportunities of growth', he said.

  Country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59%. The country posted a trade surplus of $0.79 billion in June. It is because of government's efforts to support and promote domestic manufacturing and industry.

  Source: The Hindu, August 10, 2020

  On the basis of above imaginary information, answer the following questions:

  Import of PS 5 leads to an............ of foreign currency.

   
  A)
  surplus done clear
  B)
  above done clear
  C)
  outflow done clear
  D)
  inflow done clear
  View Solution play_arrow

• question_answer4)

  India's balance of payments this year is going to be 'very very strong' on the back of significant improvement in ' exports and a fall in imports, as stated by Commerce and I Industry Minister Piyush Goyal.

  'We are in July at about 91% export level of July 2019 figures. Imports are still at about 70-71% level of July 2019.

  So, broadly, our balance of payments this year is going to be very, very strong, which is why we feel confident that

  Indian industry will see opportunities of themselves, will see opportunities of growth', he said.

  Country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59%. The country posted a trade surplus of $0.79 billion in June. It is because of government's efforts to support and promote domestic manufacturing and industry.

  Source: The Hindu, August 10, 2020

  On the basis of above imaginary information, answer the following questions:

  India posted a trade surplus of $ 0.79 billion in June because ............. of foreign currency is greater than outflow of foreign currency.

  A)
  surplus done clear
  B)
  above done clear
  C)
  outflow done clear
  D)
  inflow done clear
  View Solution play_arrow