Question : When receipts of foreign exchange are more than payment of foreign exchange. It is known as __________.
 

Option 1: Surplus BOP
 

Option 2: Deficit BOP
 

Option 3: Balanced BOP
 

Option 4: None of the above.
 

Question : When receipts of foreign exchange or equal to payment of foreign exchange. It is known as __________.
 

Option 1: Surplus BOP
 

Option 2: Deficit BOP
 

Option 3: Balanced BOP
 

Option 4: None of the above.
 

Question : When a government borrows money to finance its expenditures, it is known as:

Option 1: Deficit financing

Option 2: Balanced budget financing
 

Option 3: Surplus financing

Option 4: None of the above

Question : If a country exports are less than its import, then balance of trade is said to be in ______.
 

Option 1: Balanced
 

Option 2: Surplus
 

Option 3: Deficit
 

Option 4: None of the above.
 

Question : It refers to all currencies other than domestic currency of a given country.
 

Option 1: Foreign exchange
 

Option 2: Foreign exchange market
 

Option 3: Foreign exchange rate
 

Option 4: None of the above.