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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
▶ 27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 27 - Balance of Payments - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 27 - Balance of Payments")
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Solutions for Chapter 27: Balance of Payments
Below listed, you can find solutions for Chapter 27 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 27 Balance of Payments TEST QUESTIONS [Pages 27.13 - 27.14]
SHORT ANSWER QUESTIONS
What do you mean by Balance of payments?
Define balance of payments.
Give the main features of Balance of Payments.
What is meant by balance of current account?
Explain capital account of balance of payments.
What do you know about disequilibrium in balance of payments?
What are the methods to measure Balance of Payments?
LONG ANSWER QUESTIONS
What do you mean by Balance of payments?
Give the main features of Balance of Payments.
Briefly state the structure of the balance of payments.
Define balance of payments.
What are the methods to measure Balance of Payments?
Write a detailed note on the constituents of balance of payments.
Explain disequilibrium in the balance of payments.
How the problem of disequilibrium can be solved?
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 27 Balance of Payments EXAMINATION CORNER [Pages 27.14 - 27.15]
Distinguish between an autonomous transaction and accommodating transactions of the balance of payments account.
What does SDR stand for?
Define balance of trade.
What is meant by balance of current account?
Distinguish between Balance of Trade and Balance of Payments.
State two cases of deficits in the balance of payments.
Give one difference between flexible exchange rate and fixed exchange rate.
Differentiate between devaluation and depreciation.
Differentiate between revaluation of currency and appreciation of the currency.
Write a detailed note on the constituents of balance of payments.
How can the government correct an adverse balance of payments through export promotion?
How can the government correct an adverse balance of payments through import control?
Differentiate between devaluation and depreciation.
How devaluation and depreciation affect the foreign trade of a country.
Differentiate between devaluation and depreciation.
How can depreciation of a currency be a measure of correcting disequilibrium of ‘balance of payments’?
What do you understand by balance of payments?
Bring out the components of balance of payments account.
State the items included in the balance of payments of a country.
State any four items of the current account of the balance of payments account.
State any four items of capital account of the balance of payments account.
Discuss the various components of the current account of the balance of payments.
Explain any three causes for disequilibrium in the balance of payments of a country.
State two measures to correct disequilibrium in the balance of payments.
Distinguish between balance of current account and balance of capital account.
State two measures to correct disequilibrium in the balance of payments.
Explain any three causes for disequilibrium in the balance of payments of a country.
Distinguish between Balance of Trade and Balance of Payments.
Solutions for 27: Balance of Payments
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 27 - Balance of Payments
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 27 (Balance of Payments) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 27 Balance of Payments are Concept of Balance of Payments, Components of Balance of Payments, Current Account Transactions, Capital Account Transactions, Categories of Balance of Payments, Balance of Payments Disequilibrium, Measures to Correct Disequilibrium in the Balance of Payments, Foreign Exchange Rate, Concepts of Depreciation, Appreciation, Devaluation and Revaluation, Determination of Exchange Rate in a Free Market, Balance of Trade and Balance of Payments- Comparison, Methods to Measure Balance of Payments, Balance of Payments Always Balances, Exchange Rate, Types of Foreign Exchange Rate, Determination of Equilibrium Rate of Exchange, Structure of Balance of Payment, Features of Balance of Payment, Fixed Rate of Exchange, Factors or Determinants of Foreign Exchange Rate, Flexible Rate of Exchange, Managed Floating Exchange Rate System.
Using R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC solutions Balance of Payments exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in R. K. Lekhi and P. K. Dhar Solutions are essential questions that can be asked in the final exam. Maximum CISCE Economics [English] Class 12 ISC students prefer R. K. Lekhi and P. K. Dhar Textbook Solutions to score more in exams.
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