Flexible exchange rate system has the advantage:
1.Automatic adjustment of balance of payments
2. Easy to borrow from world bank
3.Encourages exports
4.None of the above
Posted Date:-2021-08-18 10:22:14
If balance of payments of country is in deficit, then:
1.Current account will be in deficit
2.Country can increase money supply to meet deficit
3. The country can borrow from abroad
4.(a) and (c) of above
Posted Date:-2021-08-18 10:22:14
IMF has given loan to Pakistan. It will improve Pakistan s:
1.Current account
2.Capital account
3.Overall balance of payments
4.(b) and (c) of above
Posted Date:-2021-08-18 10:22:14
IMF represents
1.International Monetary Fund
2.International Money Flow
3.International Money Forum
4.International Monetary Finance
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In a country like Pakistan:
1.All economic decisions are made through markets
2.There is no planning
3.Govt. owns most of the means of production
4.There is reliance on market
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In capitalism there is sovereignty of:
1.Producer
2.Consumer
3.Government
4.Businessmen
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The balance of payments of country means
1. Balance in income and expenditure of govt.
2.Balance in demand and supply of money
3. Balance in export and import earnings
4.The annual account of foreign trade
Posted Date:-2021-08-18 10:22:14
Which of the following compares the average price of exports to average price of imports?
1. The balance of payments
2.The balance of trade
3.The exchange rate
4.The terms of trade
Posted Date:-2021-08-18 10:22:14
Which of the following must always balance?
1.Balance of visible trade
2.Balance of invisible trade
3.Balance on the current balance
4.Balance of payments
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Balance of payments of a country has parts:
1.2
2.3
3.4
4.5
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Exchange rate for currencies is determined by supply and demand in system of:
1.Fixed exchange rate
2.Flexible
3.Constant
4.Govt. regulated
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Export of goods is called trade in:
1.Visible goods
2. Invisible goods
3.Basic goods
4.Non-real goods
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Final balance of payments of a country is:
1.Always balanced
2.Always deficit
3.Always surplus
4.Fluctuates
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Fixed exchange rate system has the advantage:
1.Automatic adjustment of balance of payments
2.Increases govt. control over foreign trade
3.Discourages unnecessary speculation about future trade deals
4.(b) and (c) of above
Posted Date:-2021-08-18 10:22:14
If CDA (Capital Development Authority Islamabad) gets a loan from World Bank for roads it will be recorded in the balance of payments in section:
1.Capital account
2.Visible balance
3.Invisible balance
4.Official financing
Posted Date:-2021-08-18 10:22:14
If Japanese import more goods from Pakistan (other things remain same)
1.Our balance of payments will improve
2.Japan s BOP will deteriorate
3.Our BOP will deteriorate
4. (a) and (b) of above
Posted Date:-2021-08-18 10:22:14
If Toyota Company establishes a factory in Pakistan this will be recroded in balance of payments in the section:
1.Capital account
2.Visible balance
3.Invisible balance
4.Official financing
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IMF gives loans:
1.To fill gap in balance of payments
2.To fill gap in government budget
3.To decrease inflation
4. To increse employment opportunities
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In socialistic system, prices of goods are determined by:
1.Sellers
2.Buyers
3.Government
4. Forces of demand and supply
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In working of markets, the Islamic system is nearer to:
1.Capitalism
2.Socialism
3.Mixed economy
4.None of the above
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Invisible items in balance of payments include:
1.Foreign remittances
2.Income from tourists
3.Internet charges
4.All the three
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It helps countries to meet deficit in balance of payments:
1.IMF
2.WTO
3.World Bank
4.UNO
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What will be expected result if the value of rupee falls against dollar?
1.The price of Pakistani goods in USA will rise
2.The price of American goods in USA will fall
3.The price of American goods in USA with fall
4.The price of American goods in Pakistan will rise
Posted Date:-2021-08-18 10:22:14
Which of the following must always balance:
1.Balance of visible trade
2.Balance of invisible trade
3.Balance on the current account
4.Balance of payments
Posted Date:-2021-08-18 10:22:14
A country that does not trade with other countries is called an economy:
1.Open
2.Closed
3.Independent
4.None of these
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Balance of payments of a country includes:
1.Current account
2.Moentary account
3.Capital account
4.All of above
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Balance of payments of a country includes:
1.Balance of trade
2.Capital receipts and payments
3.Saving and investment account
4. Both (a) and (b)
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Basic principle of Islamic economic system is:
1.Equality
2.Justice
3.High profit
4.Less consumption
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Capitalism is defined as an economic system where there is:
1.A lack of planning
2.A reliance over free market
3.Private ownership of property
4. All of the above
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Export of goods is called trade in:
1.Visible goods
2. Invisible goods
3.Basic goods
4.Real goods
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Foreign exchange reserves increase if:
1.Govt. increases taxes
2.Exports increase imports remain the same
3.Imports increase exports remain the same
4.(a) and (b) of above
Posted Date:-2021-08-18 10:22:14
If GNP of Pakistan rises it will encourage:
1.Exports
2.Imports
3.Both
4.None of these
Posted Date:-2021-08-18 10:22:14
In capitalistic system, prices of goods are determined by:
1.Sellers
2.Buyers
3.Government
4. Forces of demand and supply
Posted Date:-2021-08-18 10:22:14
In Islamic economic system:
1.All economic decisions are made through markets
2.There is no planning
3.Govt. owns most of the means of production
4.There is reliance on market
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Pakistan follows the policy of:
1.Fixed exchange rate
2.Flexible exchange rate
3.Controlled exchange rate
4.Increasing exchange rate
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Pakistan having a:
1.Mixed economy
2.Capitalistic economy
3.Socialistic economy
4.Islamic economy
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Pakistan s exports are part of our GDP:
1.5%
2.15%
3.25%
4.35%
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The balance of payments account of a country includes:
1.Official transfer of foreign exchange
2.Smuggling transactions
3. Loans and aid
4.Both a and c of the above
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The receipts and payments for goods exported and imported are counted in:
1.Trade account
2.Capital account
3.Current account
4.Monetary account
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Visible goods are recorded in this part of balance of payments account:
1.Current account
2.Capital account
3. Govt. account
4.Official account
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Visible goods are recorded in this part of balance of payments account:
1.Current account
2.Capital account
3. Govt. account
4.Official account
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Visible imports include:
1.Remittance
2.Machinery
3.Computer software
4.Transport cost
Posted Date:-2021-08-18 10:22:14
What would cause a country s exchange rate to fall:
1.An increased demand for its exports
2.An increased demand for its imports
3.An increased in flow of capital
4.None of the above
Posted Date:-2021-08-18 10:22:14
Which is the basic economic problem, which is common in all economic systems:
1.Allocation of scarce resources
2.Elimination of inflation
3.To increase exports
4.To reduce taxation
Posted Date:-2021-08-18 10:22:14