Open-Economy Macroeconomics Class 12 MCQs Questions with Answers

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

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

3. Foreign exchange is determined by:

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

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

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

7. When there is a favourable balance of trade?

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

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

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

11. By exchange rate we mean:

12. When was the gold standard abandoned?

13. When there is unfavourable balance of trade?

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

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

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

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

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

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

20. Balance of Trade =?