Q.11)-When there is an offical change in the exchange rate of domestic currency, then it is called-
  • Appreciation
  • Depreciation
  • Revaluation
  • Deflation
Q.12)-At present, India is following-
  • Fixed exchange Rate
  • Floating exchange Rate
  • Pegged up exchange Rate
  • Pegged down exchange Rate
Q.13)-The outcome of 'devaluation of currency' is-
  • Increased export and improvement in balance of payment
  • Increased export and forign reserve deficiency
  • Increased import and improvement in balance of payment
  • Increased export and import
Q.14)-The Government resorts to devaluation of its currency in order to promote-
  • National Income
  • International Goodwill
  • Exports
  • Savings
Q.15)-Devaluation makes import-
  • Competitive
  • Inelastic
  • Cheaper
  • Dearer
Q.16)-When did the rupees become a freely convertible currency on current Account in India?
  • 2000
  • 2001
  • 1994
  • 1999
Q.17)-Devaluation usually causes the internal prices to-
  • Fall
  • Rise
  • Remain unchanged
  • None of the above
Q.18)-Floating Exchange Rate is also reffered to as-
  • Flexible Exchange Rate
  • Fixed Exchange Rate
  • Real Exchange Rate
  • Controlled Exchange Rate
Q.19)-Which one of the following does not deal with export promotion?
  • Trade Development Authority
  • Minerals and Metals Trading Corporation
  • Cooperative Marketing Societies
  • State Trading Coporation of India
Q.20)-A trade policy consists of-
  • Export-Import Policy
  • Licencing Policy
  • Foreign Exchange Policy
  • Balance of Payment Policy