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 - 1

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MCQ Class - 12 Economics Open Economy Macroeconomics - Set -1

Open Economy Macroeconomics

1 / 10

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

A. Spot market

B. Forward market

C. Domestic market

D. International market

2 / 10

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

A. Managed to float

B. Crawling Peg

C. Wider Bands

D. None of these

3 / 10

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

A. Foreign exchange rate

B. Trade rate

C. Interest rate

D. Balance of Payment

4 / 10

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

A. Spot market

B. Current market

C. Forward market

D. Domestic market

5 / 10

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

A. Increase in the domestic inflation rate

B. Domestic real interest rates are less than foreign interest rates

C. Much increase in the income

D. All of these

6 / 10

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

A. Domestic exchange market

B. Foreign exchange market

C. Bazaar

D. Shop

7 / 10

7. When was the gold standard abandoned?

A. 1930’s

B. 1920’s

C. 1940’s

D. 1950’s

8 / 10

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

A. Increase in the domestic inflation rate

B. Domestic real interest rates are less than foreign interest rates

C. Much increase in the income

D. All of these

9 / 10

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

A. Revaluation

B. Devaluation

C. Inflation

D. None of these

10 / 10

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

A. Revaluation

B. Devaluation

C. Deflation

D. All of these

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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 - 1

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MCQ Questions Class 12 Open Economy Macroeconomics With Answers

MCQ Questions Class 12 Economics Open Economy Macroeconomics with Answers - Set - 1

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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