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