What this practice covers
These questions are drawn from past Cambridge IGCSE papers and filtered to current account of the balance of payments. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
Start practising Paper 1 MCQs →
What examiners see students get wrong here
These are the errors that cost marks on current account of the balance of payments, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Confusing the balance of trade (goods and services only) with the whole current account.
- Forgetting primary and secondary income, especially remittances.
- Saying a deficit is always harmful, without asking what is causing it.
- Saying a surplus is always good.
- Recommending protection without mentioning retaliation.
- Ignoring that expenditure-reducing policies raise unemployment.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Current Account of the Balance of Payments revision notes.