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26. By which method, a sum can be transferred from a bank in one country to a bank in another part of the world by cable?
Mail Transfer
Telegraphic Transfer
Bank Drafts
None of the above
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27. Opening by the importer of credit in favor of the exporter at a bank in the exporter's country is a distinctive feature of
Foreign bills of exchange
Reimbursement method
Cheque
Bank-Draft
28. Deficits on current account in the balance of payments refer to
Excess of export receipts to import payments
Excess of import payments over export
Import payments
Export receipts
29. Imports are controlled as part of fiscal and monetary austerity measures on account of
Incidence of severe poverty
Rising debt repayment obligations
Unemployment
Population growth
30. Terms of trade have on an average tended to............... over time for non-oil-exporting developing countries.
Improve
Remain the same
Worsen
Fluctuate
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