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MCQ Questions for Class 12 Economics Set-8

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1. Which one is the king of the exchange rate?




2. Which of the following is true?




3. Which one is a kind of fixed exchange rate?




4. Which one is a merit of the fixed exchange rate?




5. Which one is a demerit of the fixed exchange rate?




6. Which one is a merit of the flexible exchange rate?




7. Which one is a demerit of the flexible exchange rate?




8. Which one is a source of the demand for foreign exchange?




9. Foreign exchange is determined by:




10. The forms of foreign exchange market is/are:




11. The foreign exchange rate is determined by:




12. By exchange rate we mean:




13. Balance of Trade =?




14. Which items are included in the Balance of Payments?




15. Which one is the visible item of Balance of Payments?




16. Which one is the invisible item of Balance of Payment?




17. Which one is the feature of Balance of Payment?




18. Which account is included in the composition of the Balance of Payments?




19. Which one is the item of the Current Account?




20. Which one is the item of Capital Account?




21. The component(s) of Balance of Payment is/are:




22. Which items are included in the balance of trade?




23. Balance of Trade means:




24. The reason for the imbalance in the balance of payment is:




25. Structure of balance of payment includes which account:




26. Measures to improve the adverse balance of payment includes:




27. Foreign Exchange Rate is determined by:




28. Types of Foreign Exchange Market are:




29. In how many sectors is the occupational structure of India is divided?




30. What is another name for the service sector?




31. What was the nature of the Indian economy on the eve of independence?




32. What was the life expectancy at birth in India on the eve of Independence?




33. What was the growth rate of per capita income in India on the eve of Independence?




34. Which of the following activities is included in the primary sector?




35. In which of the following sectors is manufacturing activity included?




36. Where was the first iron and steel company established?




37. What is the tax or duty on imports called?




38. Which of the following was the major occupation on the eve of independence?




39. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?




40. Which of the following is the main objective of carrying out various economic activities?




41. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?




42. Which of the following had been responsible for the heavy burden of the deal and its interest?




43. Agriculture sector contributed _______ percent to the GDP in 1990-91.




44. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?




45. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?




46. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?




47. In which year did India adopt the economic reforms?




48. Why there was a need for economic reforms in India?




49. When did the Gulf Crisis take place?




50. How much loan was provided by World Bank and IMF during the nineties to bail India out of the crisis?