Open Economy Macroeconomics | Chapter 6 | Class 12 | Social Science | Economics

@Tricdot Education

In this test paper, we will practice our learning of Open Economy Macroeconomics | Chapter 6 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Open Economy Macroeconomics | Chapter 6 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. The price of one currency in terms of another is known as _________

Mark the correct option

2. The market where the national currencies are traded for one another is known as ________

Mark the correct option

3. Increase in the value of foreign commodities is known as _________

Mark the correct option

4. Decrease in the value the foreign commodities is known as _________

Mark the correct option

5. What is the cause of the devaluation of any country’s currency?

Mark the correct option

6. The operation of daily nature in the foreign exchange market is known as ________

Mark the correct option

7. The operation of future delivery in the foreign exchange market is known as ________

Mark the correct option

8. Hybrid in management of fixed and flexible exchange rate is known as ________

Mark the correct option

9. When was the gold standard abandoned?

Mark the correct option

10. Trade of visible items between the countries is known as ________

Mark the correct option

11. When the import and export of visible items are equal, the situation is known as _______

Mark the correct option

12. When there is a favourable balance of trade?

Mark the correct option

13. When there is unfavourable balance of trade?

Mark the correct option

14. The trade of visible and invisible items is known as _________

Mark the correct option

15. Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:

Mark the correct option

16. Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely:

Mark the correct option

17. Which one is the king of the exchange rate?

Mark the correct option

18. Which of the following is true?

Mark the correct option

19. Which one is a kind of fixed exchange rate?

Mark the correct option

20. Which one is a merit of the fixed exchange rate?

Mark the correct option

21. Which one is a demerit of the fixed exchange rate?

Mark the correct option

22. Which one is a merit of the flexible exchange rate?

Mark the correct option

23. Which one is a demerit of the flexible exchange rate?

Mark the correct option

24. Which one is a source of the demand for foreign exchange?

Mark the correct option

25. Foreign exchange is determined by:

Mark the correct option

26. The forms of foreign exchange market is/are:

Mark the correct option

27. The foreign exchange rate is determined by:

Mark the correct option

28. By exchange rate we mean:

Mark the correct option

29. Balance of Trade =?

Mark the correct option

30. Which items are included in the Balance of Payments?

Mark the correct option

31. Which one is the visible item of Balance of Payments?

Mark the correct option

32. Which one is the invisible item of Balance of Payment?

Mark the correct option

33. Which one is the feature of Balance of Payment?

Mark the correct option

34. Which account is included in the composition of the Balance of Payments?

Mark the correct option

35. Which one is the item of the Current Account?

Mark the correct option

36. Which one is the item of Capital Account?

Mark the correct option

37. The component(s) of Balance of Payment is/are:

Mark the correct option

38. Which items are included in the balance of trade?

Mark the correct option

39. Balance of Trade means:

Mark the correct option

40. The reason for the imbalance in the balance of payment is:

Mark the correct option

41. Structure of balance of payment includes which account:

Mark the correct option

42. Balance of trade means:

Mark the correct option

43. Measures to improve the adverse balance of payment includes:

Mark the correct option

44. Foreign Exchange Rate is determined by:

Mark the correct option

45. Types of Foreign Exchange Market are:

Mark the correct option