Balance of Payments

Economics ⇒ International Trade and Globalisation

Balance of Payments starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Balance of Payments. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Describe the role of the Reserve Bank of India in managing the Balance of Payments.

Explain the difference between foreign direct investment and portfolio investment in the context of the Balance of Payments.

Explain the difference between the current account and the capital account in the Balance of Payments.

Explain the term 'balance of trade'.

Identify whether the following transaction is recorded in the current account or capital account: An Indian company receives a loan from a foreign bank.

If a country has a current account deficit, what does it imply?

If India exports goods worth ₹500 crore and imports goods worth ₹700 crore, what is the balance of trade?

If India receives remittances from Non-Resident Indians (NRIs), in which account will it be recorded?

If the current account shows a deficit of ₹100 crore and the capital account shows a surplus of ₹120 crore, what is the overall BoP balance?

What are 'invisibles' in the context of Balance of Payments?

What is meant by 'autonomous transactions' in the Balance of Payments?

What is meant by Balance of Payments (BoP)?

What is meant by 'debit' and 'credit' entries in the Balance of Payments?

What is the effect of a BoP surplus on the value of a country’s currency?

What is the impact of a persistent BoP deficit on a country's economy?

What is the main purpose of maintaining foreign exchange reserves?

What is the significance of the 'errors and omissions' entry in the Balance of Payments?

Which account in the Balance of Payments records capital transfers and acquisition/disposal of non-produced, non-financial assets?