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MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers - Set - 3

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MCQ Class - 12 Economics Open Economy Macroeconomics - Set -3

Open Economy Macroeconomics

1 / 10

1. By exchange rate we mean:

A. How much local currency we have to pay for a foreign currency

B. How much of a foreign currency we have to pay for another foreign currency

C. The rate at which foreign currency is bought and sold

D. All of these

2 / 10

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

A. Spot market

B. Forward market

C. Both "Spot market" and "Forward market"

D. None of these

3 / 10

3. Foreign exchange is determined by:

A. Demand for foreign currency

B. Supply of foreign currency

C. Demand and supply in the foreign exchange market

D. None of them

4 / 10

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

A. Imports of Goods and Services from Abroad

B. Investment in Foreign Nations

C. Gift Scheme to Foreign Nations

D. All of them are correct

5 / 10

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

A. Bad Results of Low Rate

B. Uncertainty

C. Instability in Foreign Exchange

D. All are correct

6 / 10

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

A. Ignores National Interests

B. Restricted Movement of Capital

C. Sudden Fluctuations in Exchange Rates

D. All the above

7 / 10

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

A. Promotes Foreign Trade

B. Induces Foreign Capital

C. Increases Capital Formation

D. All the above

8 / 10

8. Balance of Trade =?

A. Export of Visible Items – Imports of Visible Items

B. Export of both Visible and Invisible Items – Import of both Visible and Invisible Items

C. Import of Visible Items – Export of Visible Items

D. None of these

9 / 10

9. The foreign exchange rate is determined by:

A. Government

B. Bargaining

C. World Bank

D. Demand and Supply forces

10 / 10

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

A. Simple System

B. Continuous Adjustments

C. Improves Balance of Payments

D. All the above

Your score is

The average score is 95%

MCQ Questions Class 12 Open Economy Macroeconomics With Answers

NCERT Solutions & Download NCERT Textbooks

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 - 3

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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