International Economics Book Back Questions

12th Standard EM

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Trade between two countries is known as ____ trade

    (a)

    External

    (b)

    Internal

    (c)

    Inter-regional

    (d)

    Home

  2. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  3. Who among the following enunciated the concept of single factoral terms of trade?

    (a)

    Jacob Viner

    (b)

    G.S.Donens

    (c)

    Taussig

    (d)

    J.S.Mill

  4. Favourable trade means value of exports are ________ Than that of imports.

    (a)

    More

    (b)

    Less

    (c)

    More or Less

    (d)

    Not more than

  5. Components of balance of payments of a country includes

    (a)

    Current account

    (b)

    Official account

    (c)

    Capital account

    (d)

    All of above

  6. 3 x 2 = 6
  7. Define Terms of Trade.

  8. What do you mean by Balance of Payments?

  9. What is meant by Exchange Rate?

  10. 3 x 3 = 9
  11. What are import quotas?

  12. Write a brief note on flexible exchange rate.

  13. State the objectives of Foreign Direct Investment.

  14. 2 x 5 = 10
  15. How the Rate of Exchange is determined? Illustrate.

  16. Explain the relationship between Foreign Direct Investment and Economic development.

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