Suraj Patel Education
Business Economics
T.Y.B.COM
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1. The __________ is the single currency of the European Union.
a) Dollar
b) Euro
c) Yen
d) Pound
2. ________ is the second largest currency in the world.
a) Dollar
b) Euro
c) Yen
d) Pound
3. The ASEAN Community include _________.
a) Political - Security Community
b) Economic Community
c) Socio - Cultural Community
d) All of the above
4. European Union is also known as ______.
a) European Economic Community
b) European Common Market
c) European Community
d) All of the above
5. In balance of payment account, all goods exported and imported are recorded in ______
a) Capital Account
b) Merchandise Account
c) Invisible Account
d) none of these
6. Reducing
the value of domestic currency in terms of foreign currency __________.
a)
Deflation
b)
Exchange control
c)
Tariff
d)
Devaluation
7. Non-Monetary measures include ________ .
a) Tariff and Quotas
b) Import substitution
c) Export promotion
d) All of these
8. The current account in the balance of payments ________ .
a) is the total of all the visible items of trade
b) include merchandise trade and services
c) always shows a surplus
d) include autonomous and accommodating flows
9. A deficit in India's balance of payments in recent time is due to
______.
a) a steep rise in the price of crude oil
b) increase in export related imports
c) increase in imports on account of globalisation
d) All of the above
10. After covering deficits on current account, excess capital account receipts are added to______ .
a) IMF account
b) Official transfers
c) Foreign exchange reserves
11. _________ disequilibrium is chronic in nature.
a)
Cyclical
b)
Fundamental
c)
Structural
d)
Monetary
12. Expenditure switching policy is also known as _______ .
a)
Devaluation
b)
Revaluation
c)
Both a and b
13. WTO replaced GATT and came into existence on _______ .
a) 1 January 1957
b)
1January 1995
c) 1
January 1991
d) 1
January 1996
14. TRIPs stand for _______.
a)
Trade related investment property right
b) Trade related investment public rights
c) Trade related intellectual property rights
d) Trade Related investment in services
15. The WTO agreement cover _____.
a) TRIPs
b) TRIMs
c) GATs
d) All of the above
16. WTO promote _____ trade.
a)
bilateral
b)
multilateral
c)
both a and b
d)
none of these
17. The only international organization dealing with the global rules of trade between nations.
a) WTO
b) UN
c) IMF
d) None of these
18. _____ is the current exchange rate between two countries.
a) Spot exchange rate
b) Forward exchange rate
c) Arbitrage
d) Speculation
19. ____ is the exchange rate quoted for future delivery of currencies
exchange.
a) Spot exchange rate
b) Forward exchange rate
c) Arbitrage
d) None of these
20. The dealer in foreign exchange market ________ .
a) Commercial banks
b) Central Banks
c) Bill brokers
d) All of these
21. The functions of foreign exchange market include ________.
a) provision of facilities for transfer of funds
b) provision of short term finance for trade
c) provision of facilities for trading
d) All of the above
22. ________ is not a function of foreign exchange market.
a)
Transfer
b) Hedging
c)
Credit
d) Investment
23 . Equilibrium rate of exchange depends on __________
a) Demand factors
b) Supply factors
c) both a and b
d) None of these
24. Foreign exchange in a country is demanded for ____________.
a) Import of goods
b) export of services
c) export of goods
d) import of capital
25. The purchasing power parity theory was introduced by ___________.
a) Alfred Marshal
b) Milton Friedman
c) Gustav Casse
d) None of the above
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