MCQ Economics Class 12 Chapter 6 Open Economy Macroeconomics Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. The exchange rate at which demand for foreign currency becomes equal to its supply calledEqual rate of exchangeUnequal rate of exchangeEquilibrium rateAll of theseQuestion 1 of 162. According to adjustable peg system (or Bretton Woods System ) of Exchange Rate :Different currencies were pegged to one currency (US dollar)US dollar was assigned gold value at a fixed priceParity between two currencies was determined by the quantity of gold contained in themAll of theseQuestion 2 of 163. What is the relationship between demand for foreign exchange and exchange rate ?InverseDirectOne to oneNo to relationshipQuestion 3 of 164. What is the relationship between supply of foreign exchange and exchange rate?InverseDirectOne to oneNo to relationshipQuestion 4 of 165. Spot market is that market where in :Only spot or current transactions are handledForeign exchange transactions are meant for future deliveryExchange rate is determined instantlyBoth (a) and (c)Question 5 of 166. Forward market is that market which :Handled transactions of foreign exchange meant for future deliveryHandled current transactionsHandled current as well as future transactionsNone of theseQuestion 6 of 167. If Rs. 150 ate required to buy $ 2, instead of Rs.100 earlier, then :Domestic currency has depreciatedDomestic currency has appreciatedRupee value of import bill will increaseBoth (a) and (c)Question 7 of 168. BoP is measured as :Difference between visible items of exports and importsDifference between invisible items of exports and importsDifference between external and internal flow of goldDifference between all receipts of foreign exchange and payments of foreign exchangeQuestion 8 of 169. Balance of trade is measured as :Difference between import and export goodsDifference between import and export servicesDifference between import and export of capitalDifference between all export and all importsQuestion 9 of 1610. In which of the following categories are economic transactions of balance of trade recorded ?Visible itemsInvisible itemsCapital transfersAll the aboveQuestion 10 of 1611. Which of the following transactions are recorded in the current account of the balance of payments ?Import and export of goods and servicesTransfers from one country to the otherBoth (a) and (b)None of theseQuestion 11 of 1612. Which of the following items relate to BoP which :Foreign investmentLoansNRI remittanceAll of theseQuestion 12 of 1613. Autonomous items are related to those transactions which :Are determined by motive of profitAre not concerned with the equilibrium status of BoPBoth (a) and (b)None of theseQuestion 13 of 1614. Accommodating items are those items of Bop which :Are not determined by profit motiveAre conditioned by the positive or negative BoP statusDeal with capital transfers onlyBoth (a) and (b)Question 14 of 1615. Disequilibrium in balance of payments means:Surplus balance of paymentsDeficit balance of paymentsBoth (a) and (b)None of theseQuestion 15 of 1616. If balance of trade is (-) Rs.600 crore and value of exports is rs.500 crore then the value of imports will be :Rs.1,300 croreRs. 300 crore Rs.1,100 croreRs. 1,200 croreQuestion 16 of 16 Loading...
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