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21.

IMF represents

A.	International Monetary Fund	B.	International Money Flow
C.	International Money Forum	D.	International Monetary Finance

22.

Flexible exchange rate system has the advantage:

A.	Automatic adjustment of balance of payments	B.	Easy to borrow from world bank
C.	Encourages exports	D.	None of the above

23.

Fixed exchange rate system has the advantage:

A.	Automatic adjustment of balance of payments	B.	Increases govt. control over foreign trade
C.	Discourages unnecessary speculation about future trade deals	D.	(b) and (c) of above

24.

Export of goods is called trade in:

A.	Visible goods	B.	Invisible goods
C.	Basic goods	D.	Real goods

25.

Export of goods is called trade in:

A.	Visible goods	B.	Invisible goods
C.	Basic goods	D.	Non-real goods

26.

Visible goods are recorded in this part of balance of payments account:

A.	Current account	B.	Capital account
C.	Govt. account	D.	Official account

27.

Visible exports include:

A.	Remittance	B.	Computer hardware
C.	Computer software	D.	Transport cost

28.

Visible imports include:

A.	Remittance	B.	Machinery
C.	Computer software	D.	Transport cost

29.

If balance of payments of country is in deficit, then:

A.	Current account will be in deficit	B.	Country can increase money supply to meet deficit
C.	The country can borrow from abroad	D.	(a) and (c) of above

30.

The balance of payments account of a country includes:

A.	Official transfer of foreign exchange	B.	Smuggling transactions
C.	Loans and aid	D.	Both a and c of the above