A method and an apparatus of transmitting and receiving a downlink signal in a wireless communication system is disclosed. A method of receiving a downlink signal by a terminal in a wireless communication system according to an embodiment of the present disclosure includes: transmitting capability information of the terminal to a base station, wherein the capability information includes information related to a number of second type quasi-colocation reference signal (QCL RS) supported by the terminal based on a number of activated receiving means of the terminal, receiving, from the base station, configuration information for a plurality of first type QCL RSs and at least one second type QCL RS and receiving the downlink signal based on the configuration information, and based on the number of second type QCL RS being 1, the downlink signal may be received based on one specific second type QCL RS among the at least one second type QCL RS.