When there is a depreciation of currency who are considered as the winners?
Home based exporters
Importers of materials, components etc.
Retailers that purchase foreign supplies
Firms operating in Special Economic Zones.
During periods of inflation which category of people gain the most?
Creditors
Savers
Debtors
Shareholders
Name the type of unemployment resulting from low demand for goods and services in the economy during periods of recession.
Cyclical unemployment
Seasonal unemployment
Disguised unemployment
Frictional unemployment
How is inflation measured?
Wholesale price index
Factory level price index
Retail price index
Broker level price index
What decisions are taken in monetary policy?
Rate of interest and supply of money
Exploitation of natural resources
Exchange rate fixation
Monetary norms of a country
When do you call a Balance of Payment to be deficit?
When the value of goods and services imported exceeds the value of goods and services exported.
When the value of goods and services exported exceeds the value of goods and services imported.
When value of exports and imports are equal.
When there is difference in Capital inflows and outflows.
Inferior goods have the following features:
High price and high quality
Low price and low quality
Small share of market
Wide variety
Structural unemployment is caused due to which factors from the following?
Change in demand and supply of goods
Workers losing jobs to find alternative employment
Decline in important industries
Changing technology
Exchange rates are determined by which factors?
Technology used in production
Comparative cost advantage of each country
Forces of demand and supply of currencies
The government plays a leading role in fixing exchange rates.
Who are included in working population?
All those in the population of working age who are willing and able to work.
All those in the population who are willing but not able to work.
All those in the population whose number exceeds the required.
Working people who are in excess number.
