MCQ Economics Class 12 Chapter 6 Open Economy Macroeconomics Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. Increase in the value of foreign commodities is known as_______RevaluationDevaluationInflationNone of theseQuestion 1 of 152. Measures to improve adverse balance of payment includes :Currency devaluationImport substitutionExchange controlAll of the above.Question 2 of 153. When the import and export of visible items are equal, the situation is known asBalance of TradeBalance of PaymentTrade SurplusTrade DeficitQuestion 3 of 154. Types of Foreign Exchange Market are:Spot marketForward marketBoth (a) and (b)None of theseQuestion 4 of 155. Foreign exchange is determined by:Demand for foreign currencySupply of foreign currencyDemand and supply in the foreign exchange marketNone of the aboveQuestion 5 of 156. Hybrid in management of fixed and flexible exchange rate is known as_______Managed to floatCrawling PegWider BandsNone of theseQuestion 6 of 157. Balance of Trade means :Capital TransactionImport and export of goodsTotal debit and creditAll the aboveQuestion 7 of 158. Which one is the visible item of Balance of Payments?MachineClothCementAll of theseQuestion 8 of 159. Which among the following is a source of supply of foreign exchange?Donations givenImportsExportsGiftsQuestion 9 of 1510. When there is a favourable balance of trade?X > MX = MX < MNone of theseQuestion 10 of 1511. Which one is the king of the exchange rate?Fixed Exchange RateFlexible Exchange RateBoth (a) and (b)None of the aboveQuestion 11 of 1512. The records of exports and imports in goods and services and transfer payments is known asCurrent accountBudget surplusEconomic leakagedegree of opennessQuestion 12 of 1513. Which one is a merit of the fixed exchange rate?Promotes Foreign TradeInduces Foreign CapitalIncreases Capital FormationAll the aboveQuestion 13 of 1514. If Rs 150 are required to buy $ 2, instead of Rs100 earlier, then:Domestic currency has depreciated;Domestic currency has appreciated;Rupee value of import bill will increase;Both (a) and (c) (d)Question 14 of 1515. Which one is a demerit of the flexible exchange rate?Bad Results of Low RateUncertaintyInstability in Foreign ExchangeAll the aboveQuestion 15 of 15 Loading...
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