Balance of Trade and Balance of Payment MCQs

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The balance of payments (BOP) measures the financial transactions made between Consumers, Businesses and the government in one country with others.
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Balance of Trade and Balance of Payment MCQs

The balance of payments (BOP) measures the financial transactions made between Consumers, Businesses and the government in one country with others. Here on MCQs.club we have prepared Multiple Choice Questions (MCQs) on Balance of trade and balance of payment, these MCQs fully cover balance of trade meaning, the difference between balance of trade and balance of payment, definition of balance of trade with its components, types along with examples. These MCQs include balance of trade current account MCQs, negative and favorable balance of payments. Our prepared MCQs are helpful for Business management exams, competitive exams and Professional accountancy exams.

  1. The balance of payments (BOP) measures the financial transactions made between
    1. Consumers
    2. Businesses
    3. The government in one country with others.
    4. All of the above
  1. The balance of payments (BOP) made up by:
    1. The current account
    2. The capital accounts
    3. Official financing account
    4. A combination of above
  1. The current account includes:
    1. Trade in goods
    2. Trade in services
    3. Investment income
    4. Transfers – such as overseas aid
    5. All of the above
  1. The capital and financing account – These accounts record the flow of capital and finances between the domestic country and the rest of the world.
    1. True
    2. False
  1. The types of flow of capital and finances include:
    1. Real foreign direct investment
    2. Portfolio investment
    3. Financial derivatives
    4. Reserve assets
    5. All of the above
  1. If there is a deficit in current and capital account, it is balanced by:
    1. Selling gold, or other financial reserves
    2. Borrowing from other Central Banks
    3. Both A&B
    4. None
  1. If there is a surplus in current and capital account, it is balanced by:
    1. Buying gold, or other financial reserves
    2. Paying off debts
    3. Both A&B
    4. None
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