Economics

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Economics

Economics Test Series 2
Attempt any 10 out of 12

Name *

College *

Standard *

Division *

In Importers and Exporters, Flexible exchange creates

1 point

safety

confidence

uncertainly

none of the above

Clear selection

In which exchange rate system, the exchange rate is determined by market forces.

1 point

fixed

managed float

all of the above

flexible

Clear selection

Fixed exchange rate system, the exchange rate was

1 point

all of the above

fluctuating

unstable

Stable

Clear selection

In exchanges rate determination, the first currency in the currency pair is called

1 point

negotiable currency

soft currency

base currency

hard currency

Clear selection

The current account balance of BoP does not include

1 point

non-factor services

unilateral transfers

Services exports

FDI

Clear selection

International trade results in

1 point

all of the given below

innovations

reduction in costs

diversifies consumption

Clear selection

The concept of gross barter terms of trade was introduced by

1 point

Alfred Marshall

John S. Mill

Frank Taussing

Francis Edgeworth

Clear selection

Utility terms of trade was introduced by

1 point

Adam Smith

Frank Taussig

Jacob Viner

J.S. Mill

Clear selection

Terms of trade will be favourable to a country when

1 point

its exports have inelastic demand

its supply of exports is elastic

its imports have elastic demand

all of the given below

Clear selection

Which is not a direct measure to correct BoP disequilibrium.

1 point

import substitution

Devaluation of exchange rate

quotas

tariffs

Clear selection

When disequilibrium takes place due to changes in demand pattern for exports or imports, it is a case of

1 point

long term Disequilibrium

cyclical Disequilibrium

short-term Disequilibrium

structural Disequilibrium

Clear selection

The effectiveness of devaluation depends on

1 point

All of the below

International cooperation

elasticity of demand for merchandise goods

elasticity of demand for services

Clear selection

Submit

Clear form

Never submit passwords through Google Forms.

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms