NCERT Class 12 Economics MCQ : Open Economy Macroeconomics
Embark on a macroeconomic exploration with our specialized Multiple Choice Questions (MCQs) page on “Open Economy Macroeconomics.” Immerse yourself in the complexities of economic interactions on a global scale, featuring questions meticulously curated from the previous year papers of diverse exams, including the esteemed UPSC IAS exams.
This resource is intricately designed to provide a comprehensive understanding of open economy macroeconomics, exploring the dynamics of international trade, exchange rates, and economic policies. Whether you’re a student or a professional preparing for competitive exams, these MCQs offer a strategic approach to mastering the intricacies of macroeconomic principles in an open global environment.
Prepare with confidence, knowing that our collection mirrors the diverse question formats encountered in exams across different sectors. From analyzing the impacts of exchange rate fluctuations to understanding the role of international institutions, this page serves as a valuable tool for honing your knowledge of open economy macroeconomics.
Gain a competitive edge by accessing insights derived from real-world applications and historical perspectives embedded in our MCQs. Navigate through the complexities of economic interactions confidently, armed with knowledge distilled from previous year papers and designed to help you excel in exams.
NCERT Class 12 Economics : Open Economy Macroeconomics MCQ – NCERT Class 12 MCQ
Question:
The price of one currency in terms of another is known as _________
A
B
C
D
Question:
The market where the national currencies are traded for one another is known as ________
A
B
C
D
Question:
Increase in the value of foreign commodities is known as _________
A
B
C
D
Question:
Decrease in the value the foreign commodities is known as _________
A
B
C
D
Question:
What is the cause of the devaluation of any country’s currency?
A
B
C
D
Question:
The operation of daily nature in the foreign exchange market is known as
A
B
C
D
Question:
The operation of future delivery in the foreign exchange market is known as ________
A
B
C
D
Question:
Hybrid in management of fixed and flexible exchange rate is known as ________
A
B
C
D
Question:
When was the gold standard abandoned
A
B
C
D
Question:
Trade of visible items between the countries is known as ________
A
B
C
D
Question:
When the import and export of visible items are equal, the situation is known as
A
B
C
D
Question:
When there is a favourable balance of trade
A
B
C
D
Question:
When there is unfavourable balance of trade?
A
B
C
D
Question:
The trade of visible and invisible items is known as _________
A
B
C
D
Question:
Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:
A
B
C
D
Question:
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely:
