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| MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class With Answers PDF |
MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class With Answers PDF
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What is meant by open economy? A. An economy which is open to international trade and capital flows. Ans: A
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What is meant by balance of payments? A. The record of a country's transactions with the rest of the world over a period of time. Ans: A
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What is meant by current account? A. The balance of trade in goods and services plus net income from abroad. Ans: A
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What is meant by capital account? A. The balance of transactions in financial assets. Ans: A
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What is meant by foreign exchange market? A. The market where one currency is exchanged for another. Ans: A
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What is meant by exchange rate? A. The price of one currency in terms of another currency. Ans: A
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What is meant by devaluation? A. A decrease in the value of a country's currency relative to other currencies. Ans: A
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What is meant by appreciation? A. An increase in the value of a country's currency relative to other currencies. Ans: A
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What is meant by floating exchange rate system? A. A system in which exchange rates are determined by supply and demand in the foreign exchange market. Ans: A
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What is meant by fixed exchange rate system? A. A system in which a country's government or central bank sets a fixed exchange rate for its currency and intervenes in the foreign exchange market to maintain it. Ans: A
Benefits of MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class
One of the benefits of using MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class With Answers PDF
In conclusion, MCQ Questions for Class 12 Macroeconomics Chapter 6 Open Economy Macroeconomics Class are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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