Which of the following is included in the current account of the Balance of Payments? MCQ with Answer and Explanation

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Which of the following is included in the current account of the Balance of Payments?

A. Trade in goods and services

B. External commercial borrowing

C. Foreign direct investment

D. NRI deposits

Answer: Option A

Solution (By JKSSB Mock Tests)

The current account includes trade in goods and services, income and current transfers.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'BharatNet' project aims to provide broadband connectivity to:

A. all industrial towns

B. all urban households

C. all Gram Panchayats

D. all state capitals only

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Correct Answer: Option C

Explanation:
BharatNet aims to provide broadband connectivity to all Gram Panchayats.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of project appraisal, a project is considered economically viable if:

A. The present value of benefits exceeds the present value of costs

B. Social costs are ignored

C. Only financial costs are considered

D. The present value of costs exceeds the present value of benefits

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Correct Answer: Option A

Explanation:
In cost-benefit analysis, a project is viable when the discounted present value of its benefits exceeds the discounted present value of its costs (positive net present value).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Interim Budget' is presented when:

A. the government has full term

B. there is a financial emergency

C. elections are near or the government is in transition

D. there is a war

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Correct Answer: Option C

Explanation:
An interim budget is presented before elections or a transition period.

This question belongs to: Economy GK Economy Set 1

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