Q.1)-A part of National Debt known as External Debt is the amount.
- Borrowed by its citizen from abroad
- Lent by its citizens to foreign governments
- Borrowed by its governmnt from abroad
- Lent by its government to forign government
Q.2)-The process of organizing buisness-pact between group of countries is called as-
- Trading Block
- Trade venture
- Trade Partner
- Trade Organizer
Q.3)-The practice of selling goods in a foreign country at a price below their domestic selling price is called-
- Diplomacy
- Discriminator
- Dumping
- Double pricing
Q.4)-"Full convertibility of a rupee" means-
- Purchase of foreign exchange for rupees only
- Payment for imports in terms of rupees
- Repayment of loans in terms of rupees
- Determination of rate of exchange between rupee and foreign currencies freely by the market forces o
Q.5)-The Full form of SDR is-
- Special Dollar Rights
- Special Drawing Rights
- State Drawing Rights
- Specific Dollar Right
Q.6)-Buying of shares and bonds of Indian companies by forign institutions is called-
- Forign Direct Investment
- Portfolio Investment
- Institutional Investment
- Forign Indirect Investment
Q.7)-Private investment is otherwise called as-
- Autonomous investment
- Forign institutional investment
- Foreign direct investment
- Induced investment
Q.8)-The annual record for all the monetary transactions of a country with other countries of the world is known as-
- Balance of Trade
- Balance of Monetary Receipts
- Balance of Payments
- Balance Sheet
Q.9)-India's Balance of Payments can be corrected through-
- Devaluation of currency
- Vigorous export promotion
- Import substitution
- All of the above
Q.10)-Which one of the following items is not included in the current account of India's Balance of Payments?
- Short Term Commercial Borrowings
- Non-Monetary Gold Movements
- Investment Income
- Transfer Payments