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Free MCQ’s Quiz on Class 12 Macro Economics Chapter 6 – Open Economy Macroeconomics – Set 1

Free MCQ’s Quiz for Class 12 Macro Economics Chapter 6 – Open Economy Macroeconomics with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Economics – Macro Economics – ‘Open Economy Macroeconomics’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 12 Economics – Macro Economics Chapter 6 – Open Economy Macroeconomics. An open economy is one in which countries communicate with one another through different channels. To simplify our analysis and explain the underlying macroeconomic processes, we had not examined this aspect instead and focused on a closed economy with no connections to the rest of the world.

To make you perfect in this topic – Open Economy Macroeconomics, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Open Economy Macroeconomics.

Free MCQ’s on Open Economy Macroeconomics

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#1. The _____ is the price of one currency in terms of another.

#2. ____ refers to an increase in the value of foreign commodities.

#3. The foreign exchange rate is determined by:

#4. Foreign exchange is determined by:

#5. A _____ is a summary of all economic transactions that take place between a country and the rest of the world.

#6. The types of Foreign Exchange Market are

#7. Which of the following is a Capital Account item?

#8. Which of the following is a source of foreign exchange supply?

#9. ____ refers to a decrease in the value of foreign commodities.

#10. When did the gold standard become obsolete?

finish

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