Question : The country can improve its balance of payments by devaluation when the sum of elasticity of demand for exports and imports is _____________.

Option 1: less than unity

Option 2: equal to unity

Option 3: greater than unity

Option 4: zero

Question : The  exchange of commodities between two countries is referred as

Option 1: Balance of trade 

Option 2: Bilateral trade

Option 3: Volume of trade 

Option 4: Multilateral trade

Question : The ____ balance is equal to capital flows from the rest of the world minus capital flows to the rest of the world.

Option 1: current account

Option 2: saving account

Option 3: capital account

Option 4: asset account

Question : ________ is a record of assets and liabilities of any firm.

Option 1: Bill file

Option 2: Balance of payment

Option 3: Balance sheet

Option 4: Bank bailout

Question : Which of the following winds is called anti-trade wind ?

Option 1: Chinook

Option 2: Cyclone

Option 3: Typhoon

Option 4: Westerlies