Foreign exchange
Authored by AM ECONOMICS
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12th Grade
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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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