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Balance of Payments · Question 17 of 53

Question 17

MediumOriginal question

Read the two statements and choose the correct option.

I. Export of goods is an invisible item.

II. Tourism receipts from foreign visitors are part of services in the current account.

Options for question 17

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Goods are visible items. I is false.

  2. Foreign tourists buy Indian travel services, a services export. II is true.

Concept
Visible and invisible
Typical time
70 s
Your time
—
The rule this testsThe current account
Practise this chapter →

Ten questions from Balance of Payments, at your own pace.

Practise this chapter →

Ten questions from Balance of Payments, at your own pace.