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Economics Test ...

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  • Question 1
    5 / -1

    The aggregate demand line shifts parallel upwards. The reason behind this is

  • Question 2
    5 / -1

    The gold standard system of exchange rate lost its importance during

  • Question 3
    5 / -1

    Which of the following countries still follows fixed exchange rate system?

  • Question 4
    5 / -1

    The ________ expresses the ratio of exchange between the currencies of two countries.

  • Question 5
    5 / -1

    Devaluation of currency is a component of _______ exchange rate system.

  • Question 6
    5 / -1

    What will be the most likely impact on the national income when in a country the price of foreign currency rises, keeping other things unchanged?

  • Question 7
    5 / -1

    Before the Bretton Woods standard system, exchange rates were pegged against ______

  • Question 8
    5 / -1

    Suppose the government plans to reduce the prices of US Dollar from ₹ 50 to ₹ 45. This step is known as ............ of domestic currency.

  • Question 9
    5 / -1

    Increase in the value of domestic commodities in terms of foreign currency is known as

  • Question 10
    5 / -1

    Relationship between demand for foreign exchange and foreign exchange rate is

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