Open Economy Macroeconomics MCQ Questions Class 12 Economics Part 2 Chapter 6
NCERT MCQ Questions for Class 12 Economics Part 2 Chapter 6 Open Economy Macroeconomics. Open Economy Macroeconomics MCQ Questions with Answers from Class 12 Economics Part 2.
1.) Which of the following ways established linkage with the rest of world
(a)Output Market
(b)Financial market
(c)Labour market
(d)All of the above
Ans – Option (d)
2.) Buying foreign goods is …………from our country and it becomes theincome of that foreign country
(a)Income
(b)Expenditure
(c)Revenue
(d)None of the above
Ans -Option (b)
3.) The reserve bank sells foreign exchange when there is a deficit this is called
(a) official reserve sale.
(b) Balance of payment
(c) Balance of surplus
(d) Balance of deficit
Ans -Option (a)
4.) International economic transactions are called
(a) Accommodating transaction
(b) Autonomous transaction
(c) international transaction
(d) None of the above
Ans – Option (b)
5.) The market in which national currencies are traded for one another is known as
(a)the foreign exchange market
(b) foreign market
(c)Exchange market
(d) Market
Ans – option (a)
6.) People demand foreign exchange because.
(a) they want to purchase goods and services from other countries
(b)they want to send gifts abroad
(c)they want to purchase financial assets of a certain country
(d) All of the above
Ans – Option (d)
- In case you have missed:- NCERT MCQ Questions for Introduction
For more ⇓
- Economics Part 2 MCQ Introduction
- Economics Part 2 MCQ National Income Accounting
- NCERT Accountancy MCQ for Class 12
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