List of top Economics Questions on Balance of payments (BOP) asked in CUET (UG)

Match List-I with List-II:

List-I (Elements)		List-II (Features)
A	Annual Financial Statement	(I)	Create liabilities or reduce financial assets
B	Capital Receipts	(II)	Trade surplus
C	Capital Payment	(III)	Main budget document
D	Export \(>\) Import	(IV)	Create financial assets or reduce liabilities

How will the export of machinery be recorded in the balance of payment account of an economy?

How will the purchase of Rafael planes by India from France be recorded in the balance of payments account?

Match List-I with List-II:

List-I		List-II
A	Pegged exchange rate system	(I)	Setting up of IMF and World Bank
B	Managed floating	(II)	Fixed exchange rate system
C	Bretton Woods Conference	(III)	Dirty floating
D	Third element in BOP	(IV)	Error and Omission Account

Match List I with List II

List I		List II
A.	Balance of Trade	I.	International transaction related to financial assets
B.	Balance of payment	II.	Export and import of services
C.	Net invisibles	III.	Goods, Service and Transaction in assests
D.	Balance on capital accounts	IV.	Export and import of goods

Choose the correct answer from the options given below :

From the following transactions which transaction will be recorded in the current account of the balance of payments:

A surplus current account means
A. Receipts > Payments
B. Receipts = Payments
C. Receipts < Payments
D. Receipts > Price of commodity
E. Receipts = Total Sale
Choose the correct answer from the options given below :

Choose the correct sequence :
A. Factor payments
B. Goods and services produced and sold in the market
C. Supply of factors of production by the households
D. Spending on goods and services
Choose the correct answer from the options given below :

Current A/C of Balance of payment does not include :