Balance of Payments Test

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Balance of Payments Test - 2

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Weekly Quiz Competition

Question 1
1 / -0

Foreign exchange rate refers to:

A
the price of one currency in terms of gold in the domestic market

B
the price of one currency in relation to other currencies in the international money market

C
the price of domestic currency in relation to foreign currency in the international money market

D
both (b) and (c)
Question 2
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Exchange rate is the price of a currency expressed in terms of:

A
gold

B
metal

C
another currency

D
none of these
Question 3
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Rate of exchange as determined by the government is called:

A
fixed exchange rate

B
floating exchange rate

C
flexible exchange rate

D
none of these
Question 4
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Under flexible exchange rate system, exchange rate is determined by the:

A
demand for foreign exchang

B
supply of foreign exchange

C
supply-demand forces

D
government
Question 5
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The exchange rate at which demand for foreign currency is equal to its supply is called:

A
equilibrium exchange rate

B
floating exchange rate

C
par exchange rate

D
both (a) and (c)
Question 6
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Demand curve for foreign exchange is:

A
negatively related to the rate of exchange

B
positively related to the rate of exchange

C
proportionately related to the rate of exchange

D
not related to the rate of exchange
Question 7
1 / -0

The supply curve of foreign exchange is:

A
negatively sloped from left to right

B
positively sloped from left to right

C
a straight line from left to right

D
a rectangular hyperbola curve
Question 8
1 / -0

When domestic currency loses its value in relation to a foreign currency in the international money market, it is a situation of:

A
currency appreciation

B
currency depreciation

C
currency devaluation

D
none of these
Question 9
1 / -0

Currency appreciation takes place when:

A
domestic currency loses its value in relation to a foreign currency

B
there is an increase in the price of a foreign currency in terms of the domestic currency

C
there is a decrease in the price of a foreign currency in terms of the domestic currency

D
none of these
Question 10
1 / -0

When US dollar exchanges for ₹ 50, instead of ₹ 55 earlier, the domestic currency shows:

A
currency appreciation

B
currency depreciation

C
currency devaluation

D
none of these

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Re-Attempt Weekly Quiz Competition

Balance of Payments Test - 2

Result

Balance of Payments Test - 2

Score

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Rank

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SHARING IS CARING

Question 1

the price of one currency in terms of gold in the domestic market

the price of one currency in relation to other currencies in the international money market

the price of domestic currency in relation to foreign currency in the international money market

both (b) and (c)

Question 2

gold

metal

another currency

none of these

Question 3

fixed exchange rate

floating exchange rate

flexible exchange rate

none of these

Question 4

demand for foreign exchang

supply of foreign exchange

supply-demand forces

government

Question 5

equilibrium exchange rate

floating exchange rate

par exchange rate

both (a) and (c)

Question 6

negatively related to the rate of exchange

positively related to the rate of exchange

proportionately related to the rate of exchange

not related to the rate of exchange

Question 7

negatively sloped from left to right

positively sloped from left to right

a straight line from left to right

a rectangular hyperbola curve

Question 8

currency appreciation

currency depreciation

currency devaluation

none of these

Question 9

domestic currency loses its value in relation to a foreign currency

there is an increase in the price of a foreign currency in terms of the domestic currency

there is a decrease in the price of a foreign currency in terms of the domestic currency

none of these

Question 10

currency appreciation

currency depreciation

currency devaluation

none of these

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