O-LevelCommerceGlobal tradeOct/Nov 2020Paper 1 Q141 Mark

A country has a Balance of Payments surplus on its current account. What does this mean?

Q: What topic does this question test?

This question tests Global trade in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

AThe total value of its exports exceeds the total value of its imports.

BThe total value of its imports exceeds the total value of its exports.

CThe total value of its invisibles exceeds the total value of its visibles.

DThe total value of its visibles exceeds the total value of its invisibles.

✓ Correct Answer

The correct answer is A: The total value of its exports exceeds the total value of its imports.

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Global trade in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2020 examination, Paper 1 Variant 1.

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