Question : The government exports goods worth INR 60,000 and imports goods worth INR 65,000. Domestic final consumption expenditure = INR 5,00,000, and there is no change in the stock of national capital.

Replacement investment = INR 10,000. There are no subsidies; rather the producers are to pay an excise duty of INR 5,000 to the government. Find factor income generated within the domestic economy.

 

Option 1: 590000

Option 2: 490000

Option 3: 390000

Option 4: 520000

Question : The balance of payments is a systematic record of a country's:

Option 1: Imports and exports only

Option 2: Imports and financial transactions only

Option 3: Imports, exports, and financial transactions

Option 4: Imports, exports, and domestic production

Question : The current account balance is calculated as:

Option 1: Exports minus imports

Option 2: Exports plus imports

Option 3: Imports minus exports

Option 4: Imports plus exports

Question : In national income accounting, net exports refer to ______.

Option 1: exports minus imports

Option 2: imports minus exports

Option 3: exports plus imports

Option 4: imports plus exports

Question : What is the impact of a stronger domestic currency on a country's imports and exports?

Option 1: Increase in imports, decrease in exports
  

Option 2: Decrease in imports, increase in exports
   

Option 3: Increase in imports, increase in exports

Option 4: Decrease in imports, decrease in exports

Question : Net exports = ?

Option 1: Exports - Imports

Option 2: Exports + Imports

Option 3: Only Exports 

Option 4: None of the above.