Mock Test on Balance of Payments CBSE Class 12 – Free

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Mock Test on Balance of Payment

mock test on balance of payment

Hello Students,

Welcome to your learning space.

Now we present to you a Mock Test on Balance of Payment. This mock test has 10 very important question on Balance of Payments. It is mainly targeted for CBSE Class 12 Economics students for their practice. This test will give you a chance to know your understanding level of various concepts related to Balance of Payment. 

This test will also be beneficial for aspirants of competitive exams like SSC and UPSC for practice purpose.
Moreover, it will also be helpful for the students taking CUET exam in Economics Domain.

You can also buy CBSE Class 12 ebook of 100 high quality past year Economics MCQs, unit wise, with detailed explanation for the eleventh hour preparation for final exam, written by Sh. Sonu ‘Sangam’, PGT Economics, Jawahar Navodaya Vidyalaya.

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Mock Test on Balance of Payments - Macro Economics

1 / 10

Q.1 Consider the following statements regarding Balance of Payment and choose most appropriate answer:

2 / 10

Q.2 Which is a correct statement regarding Transfer Payments:

3 / 10

Q. 3 Read the Statement given below:

One of the richest men in the world, Mr. Bill Gates, a USA Citizen, visited India recently. He took a tea worth Rs. 20 from a roadside tea vendor Dolly Chaiwala.

Considering the above statement, the transactions of Rs.20 will be recorded under:

4 / 10

Q. 4 Which is true regarding Balance of Trade:

5 / 10

Q. 5 Read the hypothetical statement as given below:

“USA based Multinational Company Tesla exported its car to India worth USD 20 million during 2023-24”.

In light of above statement, USD 20 million will be recorded on __________side of _________account.

6 / 10

Q. 6 Read the following statements and choose the correct statement:

7 / 10

Q. 7 Read the following hypothetical statement:

“Indian company Tata raised a loan of Rs. 100 crores from American Company Microsoft. Microsoft also provided a grant of Rs. 100 crores to government of India for development of education in India”

In light above state, choose the correct answer:

8 / 10

Q.8 Capital Account is one of the accounts under Balance of Payment Account. Choose correct answer with regard to capital account.

9 / 10

Q. 9 What is the role of official reserve transactions in the balance of payments (BoP)?

10 / 10

Q. 10 Consider the following and choose correct option:

Your score is

The average score is 47%

0%

Hope you will like this mock test. You can comment how this mock test has helped you. Moreover, you can also give your valuable suggestions in comment box for further improvement in our materials.

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