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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