Question # 1

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

Balance of payments of country includes.

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Current account

Monetry Account

Capital Account

All of the above

Invisible items in balce of payments include.

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Foreign remittances

Income from tourism

Internet charges

All the three

The receipt of payments for goods exported and imported are counted in .

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Capital Account

Trade Account

Current account

Monetary account

Visible exports include

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Remittance

Computer Hardware

Computer software

Transport cost

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

Visible goods are recorded int his part of balance of payments account

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Current account

Capital account

Govt account

Official Account

If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.

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Capital account

Visible balnce

Invisible balnce

Official financing

It helps countries to meet deficit in balcne of payments.

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IMF

WTO

World Bank

UNO

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test MCQs With Answers

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