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