81. The term “balance of payments” refers to:
a) The difference between exports and imports of a country
b) The difference between income earned and payments made to foreign countries
c) The difference between capital inflows and capital outflows
d) The difference between government revenue and expenditure
82. The term “capital account convertibility” refers to:
a) The ability to freely convert domestic currency into foreign currency
b) The ability to freely import and export capital goods
c) The ability to freely invest in foreign financial markets
d) The ability to freely transfer funds between domestic and foreign banks
83. The term “hawala transactions” refers to:
a) Illegal money laundering activities
b) International trade in agricultural commodities
c) Informal money transfer systems
d) Currency exchange markets
84. The term “current account convertibility” refers to:
a) The ability to freely convert domestic currency into foreign currency for current transactions
b) The ability to freely import and export current goods and services
c) The ability to freely invest in current assets in foreign countries
d) The ability to freely transfer current funds between domestic and foreign banks
85. The term “rural-urban migration” refers to:
a) The movement of people from urban areas to rural areas
b) The movement of people from rural areas to urban areas
c) The movement of goods from rural areas to urban areas
d) The movement of capital from urban areas to rural areas
