Which item is recorded in Pakistan's current account of the balance of payments?
Correct answer: B. Exports of goods and services
- A. Foreign direct investment inflows
- B. Exports of goods and services
- C. Government borrowing from abroad
- D. Changes in official foreign reserves
Explanation
The current account records trade in goods and services, income flows and current transfers such as remittances. Foreign investment and borrowing are generally recorded in the financial account, while reserve changes are an official financing item.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
Practise Economy of Pakistan
390 free Economy of Pakistan MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Economy of Pakistan questions
Real GDP differs from nominal GDP because real GDP measures current production using which basis?
A government's fiscal deficit is most accurately described as the excess of:
Under the State Bank of Pakistan's monetary policy role, an increase in the policy rate is primarily intended to:
Remittances sent by Pakistani workers abroad are generally recorded in which part of the balance of payments?
Which statement correctly describes a progressive tax system?