Prelims 2020 Test Series-Indian Economy Test -20

  • a.) 
    (a)  1 and 3 correct
  • b.) 
    (b)  1 and 2 correct
  • c.) 
    (c)  2 and 3 correct
  • d.) 
    (d)  Only 2 is correct
  • a.) 
    a.)  Transfer Payments
  • b.) 
    b.)  Non-monetary gold movements 
  • c.) 
    c.)  Investment income
  • d.) 
    d.)  External Commercial Borrowings 
  • a.) 
    a)  Foreign travel
  • b.) 
    b)  Depository Receipts 
  • c.) 
    c)  Transportation
  • d.) 
    d)  Insurance 
  • a.) 
    (a)  There will be foreign exchange reserve holdings by the central bank. 
  • b.) 
    (b)  Each account in the Balance of Payments can individually be equal to zero. 
  • c.) 
    (c)  Exchange rate is determined by market forces.
  • d.) 
    (d)  There is central bank intervention in the foreign exchange market.
  • a.) 
    a)  Investment in other countries 
  • b.) 
    b)  Foreigners holding account in Indian banks
  • c.) 
    c)  Exporters holding foreign currency accounts 
  • d.) 
    d)  Residents holding foreign currency accounts
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