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International Economics Model Question Paper 1

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  2. 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

  3. Cyclical disequilibrium in BOP occurs because of

    (a)

    Different paths of business cycle.

    (b)

    The income elasticity of demand or' price elasticity of demand is different.

    (c)

    long-run changes in an economy

    (d)

    Both (a) and (b)

  4. _______ includes both visible and invisible items.

    (a)

    Balance of payment

    (b)

    Balance of Trade

    (c)

    Foreign Trade

    (d)

    None of these

  5. Large __________ are driving out foreign investors.

    (a)

    public debt

    (b)

    private debt

    (c)

    public revenue

    (d)

    private revenue

  6. 5 x 2 = 10
  7. Define International trade.

  8. What is meant by Exchange Rate?

  9. What are the other names of internal trade?

  10. What are the other names of international trade?

  11. Define - Unfavourable BOT

  12. 5 x 3 = 15
  13. Describe the subject matter of International Economics.

  14. Explain the Net Barter Terms of Trade and Gross Barter Terms of Trade.

  15. Distinguish between Balance of Trade and Balance of Payments.

  16. Mention the difference between FDI and FPI

  17. Write a brief note on HO - Factor endowment model theorem

  18. 4 x 5 = 20
  19. Discuss the various types of disequilibrium in the balance of payments.

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

  21. Compare and contrast fixed and flexible exchange rates.

  22. List the offers of International specialization

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