Practice External Sector: Balance of Payments, WTO, IMF and World Bank – GK Quiz with Answers – Level 1

The balance of payments (BoP) is a record of a country's transactions with whom?

In which account of the balance of payments are transfer payments recorded?

Exports of goods minus imports of goods is called the:

When a country's imports are more than its exports, it is called a:

In the balance of payments, which items are called 'invisibles'?

A flexible or floating exchange rate is decided by:

The exchange rate system that lies between a fixed and a flexible exchange rate is called:

Under a flexible exchange rate, when the rupee gains value against a foreign currency, it is called:

During the 1991 crisis, India took loans from which two institutions?

Selling shares of public sector undertakings (PSUs) to reduce government ownership is part of: