Class 12 Macro Economics - Chapter 6: Open Economy Macroeconomics MCQ Questions

10 Questions 20 Minutes

Progress: 0 / 10

Your Class 12 Macro Economics Study Path

Question 1

Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:

A Not affected

B Likely to rise and fall both

C Likely to fall

D Likely to rise

Question 2

When there is a favourable balance of trade?

A None of these

B X < M

C X = M

D X > M

Question 3

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

A International market

B Domestic market

C Forward market

D Spot market

Question 4

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

A Domestic market

B Forward market

C Current market

D Spot market

Question 5

When the import and export of visible items are equal, the situation is known as

A Trade Deficit

B Trade Surplus

C Balance of Payment

D Balance of Trade

Question 6

What is the cause of the devaluation of any countryâ€™s currency?

A All of these

B Much increase in the income

C Domestic real interest rates are less than foreign interest rates

D Increase in the domestic inflation rate

Question 7

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called:

A Accommodating transactions

B Autonomous transactions

C Capital transactions

D Current transactions

Question 8

Trade of visible items between the countries is known as

A All of these

B Deficit Balance

C Balance of Trade

D Balance of Payment

Question 9

Foreign exchange transactions dependent on other foreign exchange transactions are called:

A Accommodating transactions

B Autonomous transactions

C Capital account transactions

D Current account transactions

Question 10

Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely:

A to remain unaffected

B to rise or to fall

C to fall

D to rise

Related Student Tools

P0 academic

Grade Calculator

Convert marks into grade bands with transparent thresholds.

P0 academic

Marks Percentage Calculator

Calculate exam or subject-wise marks percentage.

P0 academic

Percentage Calculator

Calculate percentage from obtained marks and total marks.

Keep learning

Discover More on SaralStudy

Explore all articles

Latest Blogs

Fresh educational articles and updates.

Popular Blogs

Most-read articles from SaralStudy.

Quick & Popular Links

Fast access to frequently used study resources.

Quick Links

NCERT Sample Papers Study Planner and Calculators NCERT Books CBSE Syllabus Previous Year Question Papers CBSE Board

What Students Are Viewing

Recently viewed articles based on SaralStudy activity.

Class 12 Macro Economics - Chapter 6: Open Economy Macroeconomics MCQ Questions

Your Class 12 Macro Economics Study Path

Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:

When there is a favourable balance of trade?

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

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

When the import and export of visible items are equal, the situation is known as

What is the cause of the devaluation of any countryâ€™s currency?

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called:

Trade of visible items between the countries is known as

Foreign exchange transactions dependent on other foreign exchange transactions are called:

Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely:

Practice Complete!

Related Student Tools

Grade Calculator

Marks Percentage Calculator

Percentage Calculator

Students Also Read

Discover More on SaralStudy

Latest Blogs

Popular Blogs

Quick & Popular Links

Quick Links

Popular Study Links

What Students Are Viewing