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Foreign Exchange-ECONOMICS

Authored by Payal Singh

Social Studies, Other

11th - 12th Grade

Used 179+ times

Foreign Exchange-ECONOMICS
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FOREX is

Foreign currency

Foreign country

a Share market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FOREX RATE is

Domestic currency

Value of domestic currency in terms of foreign currency

foreign currency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under which system Demand and supply for FOREX determines the exchange rate

Flexible exchange rate

Fixed exchange rate

Both

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managed floating system is

flexible system of exchange rate

mixture of fixed exchange rate and fixed exchange rate

A system managed by a foreign country

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation is

Fall in the value of domestic currency in terms of foreign currency

Rise in the value of domestic currency in terms of foreign currency

none

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Devaluation is

Fall in the value of domestic currency in terms of foreign currency as a deliberate step adopted by the govt. under Fixed exchange rate system

Rise in the value of domestic currency in terms of foreign currency as a deliberate step adopted by the govt. under Fixed exchange rate system

Fall in the value of domestic currency in terms of foreign currency as a deliberate step adopted by the govt. under FLEXIBLE exchange rate system

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Appreciation of domestic currency will

Encourage imports

Encourage Exports

Discourage imports

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