Economics Test ...

Balance of trade is a _______ concept as compared to balance of payments.

Trade deficit refers to the situation where

Uni-lateral transfers are included in

India outsources voice-based services and record keeping on a large scale. This will be considered as

Suppose India is exporting goods more as compared to importing goods, this will lead to _______ in balance of trade.

Choose the incorrect statement from given below.

Consider the following statements regarding the floating exchange rates:

1. A rise in the interest rates at home often leads to an appreciation of the domestic currency.
2. If a country's imports grow faster than its exports, then the domestic currency tends to depreciate.

Which of the statements given above is/are correct?

Consider the following statements-

1. Trade balance is always surplus when exports are greater than imports.
2. Balance of payments is always in deficit when the Balance of Trade is negative.

Which of the above statements is/are correct?

Read the statements (A) and (R) and choose the correct option

(A) Goods are cheap in the weekly markets.

(R) There are more shops selling the same goods in the weekly market, hence there is more competition.

Match the following"