Decrease in the value the foreign commodities is known as _________
1.Revaluation
2.Devaluation
3.Deflation
4. All of these
Hybrid in management of fixed and flexible exchange rate is known as ________
1. Managed to float
2. Crawling Peg
3. Wider Bands
4.None of these
Increase in the value of foreign commodities is known as _________
1. Revaluation
2. Devaluation
3. Inflation
4. None of these
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely:
1.To rise
2. To fall
3.To rise or to fall
4. To remain affected
Other things remaining unchanged, when in a country the price of foreign currency rises, national income is:
1.Likely to rise
2. Likely to fall
3. Likely to rise and fall both
4.Not affected
The operation of daily nature in the foreign exchange market is known as ________
1.Spot market
2.Forward market
3.Domestic market
4. International market
The operation of future delivery in the foreign exchange market is known as ________
1.Spot market
2.Current market
3. Forward market
4. Domestic market
The price of one currency in terms of another is known as _________
1. Foreign exchange rate
2. Trade rate
3.Interest rate
4. Balance of Payment
The trade of visible and invisible items is known as _________
1.Balance of Payments
2. Balance of Trade
3.Deficit of interest
4. Profit
Trade of visible items between the countries is known as ________
1.Balance of Payment
2.Balance of Trade
3.Deficit Balance
4. All of these
What is the cause of the devaluation of any country’s currency?
1. Increase in the domestic inflation rate
2.Domestic real interest rates are less than foreign interest rates
3. Much increase in the income
4.All of these
When the import and export of visible items are equal, the situation is known as _______
1. Balance of Trade
2. Balance of Payment
3.Trade Surplus
4.Trade Deficit
When there is a favourable balance of trade?
1. X > M
2. X = M
3. X < M
4. None of these
When there is unfavourable balance of trade?
1.X > M
2.X = M
3.X < M
4.None of these
When was the gold standard abandoned?
1.1930’s
2.1920’s
3.1940’s
4.1950’s
Who issues 1 rupee note in India:
1. Reserve Bank of India
2. Finance Ministry of India
3.State Bank of India
4.None of these