Question : When receipts of foreign exchange are less 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 more 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 : What is the difference between a balanced budget and a deficit budget?

Option 1: A balanced budget spends as much as it earns, while a deficit budget spends more than it earns

Option 2: A balanced budget earns as much as it spends, while a deficit budget spends more than it earns

Option 3: A balanced budget spends more than it earns, while a deficit budget earns more than it spends

Option 4: A balanced budget earns more than it spends, while a deficit budget spends as much as it earns