The 'Special Drawing Rights' allocated by IMF are recorded in which part of a country's balance of payments? MCQ with Answer and Explanation

Question

Share Report Error

The 'Special Drawing Rights' allocated by IMF are recorded in which part of a country's balance of payments?

A. Visible trade

B. Invisibles

C. Current account

D. Capital account or reserve assets

Answer: Option D

Solution (By JKSSB Mock Tests)

SDR allocations are recorded as reserve assets in the balance of payments.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

Which of the following is a feature of the 'Permanent Income' versus 'Current Income' debate in consumption theory?

A. The debate has been fully resolved in favour of pure permanent-income theory

B. Consumption is completely independent of current income

C. Empirical evidence shows that consumption is more sensitive to current income than pure permanent-income theory predicts

D. Only permanent income matters and liquidity constraints are irrelevant

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The canon of equity in taxation means that:

A. tax should be convenient to pay

B. persons with higher ability should pay more taxes

C. tax rate should be uniform for all

D. tax should be economical to collect

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The canon of equity requires taxation based on ability to pay, so the richer pay more.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'India Trade Promotion Organisation' is responsible for:

A. organizing trade fairs and promoting exports

B. collecting taxes

C. regulating banks

D. stock trading

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
ITPO organizes trade fairs and promotes India's external trade.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs