Class XII Economics Quiz: Open Economy Macroeconomics
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Preview questions
1. What does the balance of payments account consist of?
Current account and capital account · Only current account · Only capital account · Trade account and financial account
2. Which of the following is NOT a component of the current account?
Exports of goods · Imports of services · Foreign direct investment · Net income from abroad
3. In an open economy, which factor primarily influences the exchange rate?
Interest rates · Inflation rates · Trade balance · All of the above
4. What is the effect of a trade surplus on a country's currency?
Appreciation · Depreciation · No effect · Increased inflation
5. Which of the following is a characteristic of a floating exchange rate system?
Government intervention · Market-driven currency value · Fixed currency value · Regulated by central bank
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