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English
Economics
History & Civics
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Question-1
Balance of trade is the record of transaction of one country with _________________ countries
(A)
One country
(B)
With neighbors
(C)
With far away countries
(D)
All the countries
Question-2
Allowing a domestic currency to raise its value in comparison to a foreign currency is known as ________________
(A)
Depreciartion
(B)
Appreciation
(C)
Protection
(D)
None of these
Question-3
Economics flows involves ___________________
(A)
Payments
(B)
Receipts
(C)
Could happen even without payments per receipts
(D)
Data insufficient
Question-4
People of LDC?s imitating the consumption pattern of the rich class is known as ________________
(A)
Ratchet effect
(B)
Demonstration effect
(C)
Demarcation effect
(D)
None of these
Question-5
The credit side of the balance of payments shows the way of ____________________
(A)
Acquiring foreign exchange
(B)
Disbursing foreign exchange
(C)
maintaining foreign exchange
(D)
None of these
Question-6
The examples of invisible trade items in the current account of the balance of payments are ________________
(A)
Services
(B)
Unilateral transfers
(C)
Income
(D)
All of these
Question-7
A equilibrium in the balance of payments could be due to ________________
(A)
Surplus
(B)
Deficit
(C)
Could be surplus or deficit
(D)
None of these
Question-8
The record of all transactions among countries in terms of trade is known as ________________
(A)
Balance of payments
(B)
Balance of trade
(C)
Terms of trade
(D)
None of these
Question-9
Allowing a domestic currency to fall in its value in comparison to a foreign currency is known as _______________
(A)
Depreciation
(B)
Appreciation
(C)
Protection
(D)
None of these
Question-10
The term ?residents of a country? indicates _________________
(A)
Normal residents of reporting country
(B)
Normal residents of sending country
(C)
All the people of the reporting country
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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