Refer to CBSE Class 12 Economics Open Economy Macroeconomics MCQs provided below. CBSE Class 12 Economics MCQs with answers available in Pdf for free download. The MCQ Questions for Class 12 Economics with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 12 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 6 Open Economy Macroeconomics are an important part of exams for Class 12 Economics and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 12 Economics and also download more latest study material for all subjects
MCQ for Class 12 Economics Chapter 6 Open Economy Macroeconomics
Class 12 Economics students should refer to the following multiple-choice questions with answers for Chapter 6 Open Economy Macroeconomics in Class 12. These MCQ questions with answers for Class 12 Economics will come in exams and help you to score good marks
Chapter 6 Open Economy Macroeconomics MCQ Questions Class 12 Economics with Answers
Question : Increase in the value of foreign commodities is known as _________
(a) Revaluation
(b) Devaluation
(c) Inflation
(d) None of these
Answer : B
Question : Measures to improve adverse balance of payment includes :
(a) Currency devaluation
(b) Import substitution
(c) Exchange control
(d) All of the above.
Answer : D
Question : When the import and export of visible items are equal, the situation is known as
(a) Balance of Trade
(b) Balance of Payment
(c) Trade Surplus
(d) Trade Deficit
Answer : A
Question : Types of Foreign Exchange Market are:
(a) Spot market
(b) Forward market
(c) Both (a) and (b)
(d) None of these
Answer : C
Question : Foreign exchange is determined by:
(a) Demand for foreign currency
(b) Supply of foreign currency
(c) Demand and supply in the foreign exchange market
(d) None of the above
Answer : C
Question : 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
Answer : A
Question : Balance of Trade means :
(a) Capital Transaction
(b) Import and export of goods
(c) Total debit and credit
(d) All the above
Answer : B
Question : Which one is the visible item of Balance of Payments?
(a) Machine
(b) Cloth
(c) Cement
(d) All of these
Answer : D
Question : Which among the following is a source of supply of foreign exchange?
(a) Donations given
(b) Imports
(c) Exports
(d) Gifts
Answer : C
Question : When there is a favourable balance of trade?
(a) X > M
(b) X = M
(c) X < M
(d) None of these
Answer : A
Question : Which one is the king of the exchange rate?
(a) Fixed Exchange Rate
(b) Flexible Exchange Rate
(c) Both (a) and (b)
(d) None of the above
Answer : C
Question : The records of exports and imports in goods and services and transfer payments is known as
(a) Current account
(b) Budget surplus
(c) Economic leakage
(d) degree of openness
Answer : A
Question : Which one is a merit of the fixed exchange rate?
(a) Promotes Foreign Trade
(b) Induces Foreign Capital
(c) Increases Capital Formation
(d) All the above
Answer : D
Question : If Rs 150 are required to buy $ 2, instead of Rs100 earlier, then:
(a) Domestic currency has depreciated;
(b) Domestic currency has appreciated;
(c) Rupee value of import bill will increase;
(d) Both (a) and (c) (d)
Answer : D
Question : Which one is a demerit of the flexible exchange rate?
(a) Bad Results of Low Rate
(b) Uncertainty
(c) Instability in Foreign Exchange
(d) All the above
Answer : D
Question : Which of the following is a merit of the fixed exchange rate?
(a) Ensures the supply of the fixed exchange rate
(b) Ensures the demand for the fixed exchange rate
(c) Ensures the stability for the fixed exchange rate
(d) None
Answer : C
Question : Which one is the item of Capital Account?
(a) Government Transaction
(b) Priva Transactions
(c) Foreign Direct Investment
(d) All the above
Answer : D
Question : The foreign exchange rate is determined by:
(a) Government
(b) Bargaining
(c) World Bank
(d) Demand and Supply forces
Answer : D
Question : The Gold Standard was prevalent in the world from:
(a) 15th century to 18th century
(b) 9th century to 18th century
(c) From 1870 till First World War
(d) From 1670 till First World War
Answer : C
Question : Which one is a merit of fixed exchange rate ?
(a) Promotes Foreign Trade
(b) Induces Foreign Capital
(c) Increases Capital Formation
(d) All the above
Answer : D
Question : Foreign exchange transactions dependent on other foreign exchange transactions are called:
(a) Current account transactions
(b) Capital account transactions
(c) Autonomous transactions
(d) Accommodating transactions
Answer : D
Question : 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
Answer : C
Question : Structure of balance of payment includes which account:
(a) Current account
(b) Capital account
(c) Both (a) and (b)
(d) None of these.
Answer : C
Question : Which account is included in the composition of Balance of Payments ?
(a) Current Account
(b) Capital Account
(c) Both (a) and (b)
(d) None of the above
Answer : C
Question : 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
Answer : A
Question : Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:
(a) Likely to rise
(b) Likely to fall
(c) Likely to rise and fall both
(d) Not affected
Answer : A
Question : The forms of foreign exchange market is/are :
(a) Spot market
(b) Forward market
(c) Both (a) and (b)
(d) None of these
Answer : C
Question : The exchange rate at which demand for foreign currency becomes equal to its supply,is called:
(a) Equal rate of exchange;
(b) Unequal rate of exchange;
(c) Equilibrium rate;
(d) All of these
Answer : C
Question : Which one is a kind of fixed exchange rate?
(a) Gold Standard System of Exchange Rate
(b) Bretton Woods System of Exchange Rate
(c) Both (a) and (b)
(d) None of the above
Answer : C
CBSE Class 12 Economics Microeconomics MCQs |
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs |
CBSE Class 12 Economics Cost and Revenue MCQs |
CBSE Class 12 Economics Producer Behavior and Supply MCQs |
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs |
CBSE Class 12 Economics Forms of Market and Price Determination MCQs |
CBSE Class 12 Economics Non Competitive Markets MCQs |
CBSE Class 12 Economics Macroeconomics MCQs |
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ |
CBSE Class 12 Economics National Income and Related Aggregates MCQs |
CBSE Class 12 Economics Money and Banking MCQs |
CBSE Class 12 Economics Determination of Income and Employment MCQs |
CBSE Class 12 Economics Government Budget and The Economy MCQs |
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs |
CBSE Class 12 Economics Open Economy Macroeconomics MCQs |
More Study Material
CBSE Class 12 Economics Chapter 6 Open Economy Macroeconomics MCQs
We hope students liked the above MCQs for Chapter 6 Open Economy Macroeconomics designed as per the latest syllabus for Class 12 Economics released by CBSE. Students of Class 12 should download the Multiple Choice Questions and Answers in Pdf format and practice the questions and solutions given in above Class 12 Economics MCQs Questions on daily basis. All latest MCQs with answers have been developed for Economics by referring to the most important and regularly asked topics which the students should learn and practice to get better score in school tests and examinations. Studiestoday is the best portal for Class 12 students to get all latest study material free of cost.
MCQs for Economics CBSE Class 12 Chapter 6 Open Economy Macroeconomics
Expert teachers of studiestoday have referred to NCERT book for Class 12 Economics to develop the Economics Class 12 MCQs. If you download MCQs with answers for the above chapter daily, you will get higher and better marks in Class 12 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Economics and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. You can easily download and save all MCQs for Class 12 Economics also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the MCQs which have been developed as per latest course books also refer to the NCERT solutions for Class 12 Economics designed by our teachers
Chapter 6 Open Economy Macroeconomics MCQs Economics CBSE Class 12
All MCQs given above for Class 12 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can refer to the answers which have been also provided by our teachers for all MCQs of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 12 Economics so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Economics students have been given on studiestoday.
Chapter 6 Open Economy Macroeconomics CBSE Class 12 MCQs Economics
Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 6 Open Economy Macroeconomics concepts. MCQs play an important role in developing understanding of Chapter 6 Open Economy Macroeconomics in CBSE Class 12. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 12 Economics in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter
CBSE MCQs Economics Class 12 Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics best textbooks have been used for writing the problems given in the above MCQs. If you have tests coming up then you should revise all concepts relating to Chapter 6 Open Economy Macroeconomics and then take out print of the above MCQs and attempt all problems. We have also provided a lot of other MCQs for Class 12 Economics which you can use to further make yourself better in Economics
You can download the CBSE MCQs for Class 12 Economics Chapter 6 Open Economy Macroeconomics for latest session from StudiesToday.com
Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 6 Open Economy Macroeconomics Class 12 for Economics
Yes, the MCQs issued by CBSE for Class 12 Economics Chapter 6 Open Economy Macroeconomics have been made available here for latest academic session
You can easily access the links above and download the Chapter 6 Open Economy Macroeconomics Class 12 MCQs Economics for each topic
There is no charge for the MCQs and their answers for Class 12 CBSE Economics Chapter 6 Open Economy Macroeconomics you can download everything free
Regular revision of MCQs given on studiestoday for Class 12 subject Economics Chapter 6 Open Economy Macroeconomics can help you to score better marks in exams
Multiple Choice Questions (MCQs) for Chapter 6 Open Economy Macroeconomics Class 12 Economics are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.