MCQ Questions Class 12 Economics Chapter 6 Open-Economy Macroeconomics with Answers

Free PDF Download of CBSE Class 12 Economics Chapter 6 Open-Economy Macroeconomics Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve NCERT Class 12 Economics Chapter 6 Open-Economy Macroeconomics  Multiple Choice Questions with Answers to know their preparation level.

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Open-Economy Macroeconomics Class 12 MCQs Questions with Answers

Class 12 Economics(MacroEconomics) Chapter 6 Open Economy Macroeconomics MCQ question with answers

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1. Balance of Trade =?

 
 
 
 

2. When was the gold standard abandoned?

 
 
 
 

3. When there is unfavourable balance of trade?

 
 
 
 

4. Which one is a kind of fixed exchange rate?

 
 
 
 

5. Which one is a source of the demand for foreign exchange?

 
 
 
 

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

 
 
 
 

7. Which items are included in the Balance of Payments?

 
 
 
 

8. The trade of visible and invisible items is known as _________

 
 
 
 

9. The forms of foreign exchange market is/are:

 
 
 
 

10. Hybrid in management of fixed and flexible exchange rate is known as ________

 
 
 
 

11. Trade of visible items between the countries is known as ________

 
 
 
 

12. Which one is the visible item of Balance of Payments?

 
 
 
 

13. Foreign exchange is determined by:

 
 
 
 

14. The price of one currency in terms of another is known as _________

 
 
 
 

15. Which one is a demerit of the fixed exchange rate?

 
 
 
 

16. Which one is a merit of the fixed exchange rate?

 
 
 
 

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

 
 
 
 

18. When there is a favourable balance of trade?

 
 
 
 

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

 
 
 
 

20. By exchange rate we mean:

 
 
 
 

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