CBSE Class 12 Economics, MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers. MCQ Questions Class 12 Open Economy Macroeconomics with Answers are Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Open Economy Macroeconomics MCQs with Answers to know their preparation level.

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MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers - Set - 2

English

MCQ Class - 12 Economics Open Economy Macroeconomics - Set -2

Open Economy Macroeconomics

1 / 10

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

A. Likely to rise

B. Likely to fall

C. Likely to rise and fall both

D. Not affected

2 / 10

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

A. Balance of Payments

B. Balance of Trade

C. Deficit of interest

D. Profit

3 / 10

3. When there is a favourable balance of trade?

A. X > M

B. X = M

C. X < M

D. None of these

4 / 10

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

A. Balance of Trade

B. Balance of Payment

C. Trade Surplus

D. Trade Deficit

5 / 10

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

A. Gold Standard System of Exchange Rate

B. Bretton Woods System of Exchange Rate

C. Both "Gold Standard System of Exchange Rate" & "Bretton Woods System of Exchange Rate"

D. None of the above

6 / 10

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

A. Balance of Payment

B. Balance of Trade

C. Deficit Balance

D. All of these

7 / 10

7. Which of the following is true?

A. Flexible exchange rate is determined by market forces (demand and supply of foreign exchange)

B. Fixed exchange rate is determined by the government

C. Both "Fixed exchange rate is determined by the government" & "Flexible exchange rate is determined by market forces (demand and supply of foreign exchange)"

D. None of the above

8 / 10

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

A. To rise

B. To fall

C. To rise or to fall

D. To remain affected

9 / 10

9. When there is unfavourable balance of trade?

A. X > M

B. X = M

C. X < M

D. None of these

10 / 10

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

A. Fixed Exchange Rate

B. Flexible Exchange Rate

C. Both "Fixed Exchange Rate" and "Flexible Exchange Rate"

D. None of the above

Your score is

The average score is 70%

MCQ Questions Class 12 Open Economy Macroeconomics With Answers

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MCQ Questions Class 12 Open Economy Macroeconomics With Answers

MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers - Set - 2

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MCQ Questions Class 12 Open Economy Macroeconomics With Answers

MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers - Set - 2

Open Economy Macroeconomics

MCQ Questions Class 12 Open Economy Macroeconomics With Answers

MCQ Questions Class 12 Government Budget and the Economy With Answers

MCQ Questions Electrical Engineering Semiconductor Theory

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