Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 45
    CBSEENEC11008872

    Name the two principal items of balance of payments.

    Solution

    Payment for imports and receipts for exports are the two principal items of balance of payments.

    Question 46
    CBSEENEC11008873

    Write down the sourcess of foreign exchange.

    Solution

    Sources of foreign exchange are (i) Earning by exporting goods and service and (ii) Remittance by NRIs.

    Question 47
    CBSEENEC11008874

    When does the problem of adverse balance of payments arise?

    Solution

    Problem of adverse balance of payments arise when receipts of foreign exchange fall short of their payments.

    Question 48
    CBSEENEC11008875

    What does fiscal policy refer to?

    Solution

    Fiscal policy refers to revenue and expenditure policy of the government.

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