81 Export of goods is called

Trade in visible goods

82 The Export of services is also called

Trade in non-visible goods

83 If the balance of payment of a country is in deficit then current account will be in deficit and the country can

Borrow from abroad

84 What does the balance of payments account of a country includes?

Official transfer of foreign exchange and loans and aid

85 How foreign exchange reserves can be increased?

Exports increases and imports remain the same

86 Why IMF gives loans?

Fill gap in balance of payments

87 Who is called the Father of political economy?

Adam Smith

88 Economics was described as a science of material welfare by

Marshall

89 All Economics laws are

Approximate

90 Economic laws are also

Scientific