OPEN ECONOMY MICROECONOMICS CLASS 12 MACROECONOMICS

A classroom setting with students engaging in a discussion about macroeconomics, charts illustrating foreign exchange rates and trade balances in the background.

Open Economy Microeconomics Quiz

Test your knowledge of macroeconomic principles and the workings of an open economy with our engaging quiz. Designed for Class 12 students, this quiz covers a variety of topics related to foreign exchange, the balance of payments, and the impact of currency fluctuations.

Key Features:

Multiple choice questions
Instant feedback on your answers
Comprehensive review of key concepts

13 Questions3 MinutesCreated by LearningEagle345

IF THE PRICE OF 1 US$ HAS FALLEN FROM Rs56 to Rs52, THE INDIAN CURRENCY HAS:

DEPRECIATED

APPRECIATED

DEVALUED

NONE

THE EXCHANGE RATE DETERMINED BY THE FREE PLAY OF THE FORCES OF DEMAND AND SUPPLY OF FOREIGN EXCHANGE IS:

FLEXIBLE EXCHANGE RATE

FIXED EXCHANGE RATE

MANAGED FLOATING

NONE

OTHER THINGS REMAINING THE SAME, WHEN IN A COUNTRY THE MARKET PRICE OF FOREIGN CURRENCY FALLS, NATIONAL INCOME IS LIKELY:

TO RISE

TO FALL

TO RISE OR TO FALL

TO REMAIN UNAFFECTED

OTHER THINGS REMAINING THE SAME, WHEN FOREIGN CURRENCY BECOMES CHEAPER, THE EFFECT ON NATIONAL INCOME IS LIKELY TO BE:

POSITIVE

NEGATIVE

POSITIVE AND NEGATIVE BOTH

NO EFFECT

FOREIGN EXCHANGE TRANSACTIONS DEPENDENT ON OTHER FOREIGN EXCHANGE TRANSACTIONS ARE CALLED:

CURRENT ACCOUNT TRANSACTIONS

CAPITAL ACCOUNT TRANSACTIONS

AUTONOMOUS TRANSACTIONS

ACCOMODATING TRANSACTIONS

FOREIGN EXCHANGE TRANSACTIONS WHICH ARE INDEPENDENT OF OTHER TRANSACTIONS IN THE BALANCE OF PAYMENTS ACCOUNT ARE CALLED:

CURRENT TRANSACTIONS

CAPITAL TRANSACTIONS

AUTONOMOUS TRANSACTIONS

ACCOMMODATING TRANSACTIONS

BALANCE OF PAYMENTS 'DEFICIT' IS THE EXCESS OF:

CURRENT ACCOUNT PAYMENTS OVER CURRENT ACCOUNT RECEIPTS.

CAPITAL ACCOUNT PAYMENTS OVER CAPITAL ACCOUNT RECEIPTS

AUTONOMOUS PAYMENTS OVER AUTONOMOUS RECEIPTS

ACCOMODATING PAYMENTS OVER ACCOMMODSTING RECEIPTS.

A COMPANY LOCATED IN INDIA RECEIVES A LOAN FROM A COMPANY LOCATED ABROAD. HOW IS THIS TRANSACTION RECORDED IN INDIA'S BALANCE OF PAYMENTS ACCOUNT?

CREDIT SIDE OF CURRENT ACCOUNT

DEBIT SIDE OF CURRENT ACCOUNT

CREDIT SIDE OF CAPITAL ACCOUNT

DEBIT SIDE OF CAPITAL ACCOUNT

AN INDIAN COMPANY LOCATED IN INDIA INVESTS IN A COMPANY LOCATED ABROAD. THIS TRANSACTION IS ENTERED IN INDIA'S BALANCE OF PAYMENTS ACCOUNT ON:

CREDIT SIDE OF CURRENT ACCOUNT

DEBIT SIDE OF CURRENT ACCOUNT

CREDIT SIDE OF CAPITAL ACCOUNT

DEBIT SIDE OF CAPITAL ACCOUNT

UNILATERAL TRANSFERS ARE A PART OF:

CAPITAL ACCOUNT

CURRENT ACCOUNT

BALANCE OF TRADE ACCOUNT

BALANCE OF PAYMENT ACCOUNT AND CURRENT ACCOUNT

WHICH EXCHANGE RATE IS OFFICIALLY DECLARED BY THE GOVERNMENT?

MANAGED FLOATING RATE

FLOATING EXCHANGE RATE

FIXED EXCHANGE RATE

NONE

OTHER THINGS REMAINING UNCHANGED, WHEN IN A COUNTRY THE PRICE OF FOREIGN CURRENCY RISES, NATIONAL INCOME IS:

LIKELY TO RISE

LIKELY TO FALL

LIKELY TO RISE AND FALL BOTH

NOT AFFECTED

OPEN ECONOMY MICROECONOMICS CLASS 12 MACROECONOMICS

Open Economy Microeconomics Quiz

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