CUET-UG SERIES Economics
Balance Of Payments Bop
12 previous year questions.
Volume: 12 Ques
Yield: Medium
High-Yield Trend
4
2024 8
2023 Chapter Questions 12 MCQs
01
PYQ 2023
medium
economics ID: cuet-ug-
A surplus current account means
A. Receipts > Payments
B. Receipts = Payments
C. Receipts < Payments
D. Receipts > Price of commodity
E. Receipts = Total Sale
Choose the correct answer from the options given below :
A. Receipts > Payments
B. Receipts = Payments
C. Receipts < Payments
D. Receipts > Price of commodity
E. Receipts = Total Sale
Choose the correct answer from the options given below :
1
A and D only
2
B and E only
3
A only
4
C only
02
PYQ 2023
medium
economics ID: cuet-ug-
Choose the correct sequence :
A. Factor payments
B. Goods and services produced and sold in the market
C. Supply of factors of production by the households
D. Spending on goods and services
Choose the correct answer from the options given below :
A. Factor payments
B. Goods and services produced and sold in the market
C. Supply of factors of production by the households
D. Spending on goods and services
Choose the correct answer from the options given below :
1
B, C, D, A
2
C, B, A, D
3
A, B, D, C
4
A, B, C, D
03
PYQ 2023
medium
economics ID: cuet-ug-
Match List I with List II
Choose the correct answer from the options given below :
| List I | List II | ||
| A. | Balance of Trade | I. | International transaction related to financial assets |
| B. | Balance of payment | II. | Export and import of services |
| C. | Net invisibles | III. | Goods, Service and Transaction in assests |
| D. | Balance on capital accounts | IV. | Export and import of goods |
1
(A)-(I), (B)-(III), (C)-(II), (D)-(IV)
2
(A)-(IV), (B)-(III), (C)-(II), (D)-(I)
3
(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
4
(A)-(I), (B)-(IV), (C)-(II), (D)-(III)
04
PYQ 2023
medium
economics ID: cuet-ug-
Identify the source/example of Portfolio Investment being part of Capital Account item of Balance of Payments.
1
Net invisible
2
Direct investment made by foreign people
3
Investment made by foreign institutional investors in the stock market
4
External Commercial Borrowings
05
PYQ 2023
medium
economics ID: cuet-ug-
Match List - I with List- II.
Choose the correct answer from the options given below:
| List - I | List - II& |
|---|---|
| (A) Current Account Surplus | (I) Export of invisibles - Import of Invisibles |
| (B) Balanced Current Account | (II) Receipts Payments |
| (C) Net Invisibles | (III) Receipts = Payments |
| (D) Current Account Deficit | (IV) Receipts payments |
Choose the correct answer from the options given below:
1
А-II, В-III, C-I, D-IV
2
A-III, B-I, C-IV, D-II
3
A-I, B-II, C-III, D-IV
4
A-IV, B-III, C-I, D-II
06
PYQ 2023
medium
economics ID: cuet-ug-
Current A/C of Balance of payment does not include :
1
Portfolio Investment
2
Visible items
3
Irrvisible Items
4
Transfer payments
07
PYQ 2023
medium
economics ID: cuet-ug-
From the following transactions which transaction will be recorded in the current account of the balance of payments:
1
Indian buys French car company
2
Indian buys French made car from France
3
Sale of shares of Indian company to French customers
4
Purchase of shares of French company by Indian customers
08
PYQ 2023
medium
economics ID: cuet-ug-
In Balance of Trade Account, imports are entered as :
1
Credit Item
2
Debit Item
3
Neither debit nor credit Item
4
Surplus Item
09
PYQ 2024
medium
economics ID: cuet-ug-
How will the export of machinery be recorded in the balance of payment account of an economy?
1
Current account, debit side
2
Capital account, debit side
3
Current account, credit side
4
Capital account, credit side
10
PYQ 2024
medium
economics ID: cuet-ug-
How will the purchase of Rafael planes by India from France be recorded in the balance of payments account?
1
Credited to the current account
2
Debited to the current account
3
Credited to the capital account
4
Debited to the capital account
11
PYQ 2024
medium
economics ID: cuet-ug-
Match List-I with List-II:
List-I | List-II | ||
| A | Annual Financial Statement | (I) | Create liabilities or reduce financial assets |
| B | Capital Receipts | (II) | Trade surplus |
| C | Capital Payment | (III) | Main budget document |
| D | Export Import | (IV) | Create financial assets or reduce liabilities |
1
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
2
(A) - (III), (B) - (I), (C) - (IV), (D) - (II)
3
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
4
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
12
PYQ 2024
medium
economics ID: cuet-ug-
Match List-I with List-II:
List-I | List-II | ||
| A | Pegged exchange rate system | (I) | Setting up of IMF and World Bank |
| B | Managed floating | (II) | Fixed exchange rate system |
| C | Bretton Woods Conference | (III) | Dirty floating |
| D | Third element in BOP | (IV) | Error and Omission Account |
1
(A) - (II), (B) - (I), (C) - (III), (D) - (IV)
2
(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
3
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
4
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)