Directions How to Answer

Aptitude Test Topic: General Knowledge

General Knowledge Section consists of MCQs on World Geography, Atmosphere, Science and Literature, events, Current Affairs, Pakistan Affairs, and International Organizations.

Directions

The following are questions on Your General Knowledge. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

General Knowledge: Economics Practice MCQ

Question Statement:

A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?

Net Capital Flow

Balance of Payment

Balance of Trade

Absolute Flow

Explanation:

Correct Answer: B

The Balance of International payments or Balance of Payments refers to the systematic and summary record of a country’s economic and financial transactions with the rest of the world, over a period of time. The three main components of BoP are Current Account, Capital Account and Official Reserve Transactions.

Question: 9 Test: 1 of 2 Next Test

Tests

You are taking Aptitude Test No. 1

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 9 and Test Number 1 of General Knowledge: Economics. To deal with General Knowledge questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: A systematic record of all economic transactions completed between residents of a country and the re .... with options: Net Capital Flow, Balance of Payment , Balance of Trade, Absolute Flow can be solved with the concepts and understanding of General Knowledge.