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Balance of Payment Class 12 Important Questions. We covered all the Balance of Payment Class 12 Important Questions in this post for free so that you can practice well for the exam.
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Balance of Payment Class 12 Important Objective Questions for Students
The capital account of the Balance of Payments includes
a) Balances related to private direct investments
b) Private portfolio investment flows
c) Loans extended by governments to foreign countries
d) All of these
Option d – All of these
The concept of ‘Balance of Payments’ is associated with
a) Annual sale of a manufacturing unit
b) Collection of taxes
c) Exports and imports
d) None of these
Option c – Exports and imports
Which of the following statements is incorrect?
a) The proposals put forward by the Director General of GATT to break the deadlock in the Uruguay Round are known as the Dunkel Draft
b) The Dunkel Draft contained provisions related to intellectual property rights
c) The Dunkel proposals also covered trade-related investment measures
d) The Dunkel proposals included strengthening Indo-Pak relations based on the Shimla Agreement
Option d – The Dunkel proposals included strengthening Indo-Pak relations based on the Shimla Agreement
Which statement correctly describes India’s balance of trade?
a) India experienced a trade deficit throughout the period from 1949–50 to 2015–16
b) India maintained a trade surplus throughout the period from 1949–50 to 2015–16
c) India recorded a trade deficit from 1949–50 to 2015–16, except during 1972–73 and 1976–77 when it showed a surplus
d) India maintained a trade surplus from 1949–50 to 2015–16, except during 1972–73 and 1976–77 when it showed a deficit
Option c – India recorded a trade deficit from 1949–50 to 2015–16, except during 1972–73 and 1976–77 when it showed a surplus
India’s Foreign Trade Policy (2009–14) aimed to 1. Double India’s share in global trade by 2020 2. Achieve an annual export growth rate of 25 percent 3. Double the value of India’s exports of goods and services by 2015. Which of the statements given above are correct?
a) Only 1 and 2
b) Only 2 and 3
c) Only 1 and 3
d) 1, 2 and 3
Option d – 1, 2 and 3
We covered all the balance of payment Class 12 important Questions above in this post for free so that you can practice well for the exam.
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- Simple GK Questions and Answers in Malayalam
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- GK Questions in Hindi for Class 7
