International Economics-Balance of Payments [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 4 of 58

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Question 1

Balance of Payments
IMF & World Bank

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

An example of a Euro currency is (June)

Choices

Choice (4)Response

a.

A pound sterling deposit within UK

b.

A mark deposit with Germany

c.

A dollar deposit outside the U. S.

d.

All of the above

Question 2

Balance of Payments
IMF & World Bank

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

In case of Fixed Exchange Rate regime adjustment in Balance of Payments takes place through (December)

Choices

Choice (4)Response

a.

changes in exchange rate

b.

changes in interest rate

c.

changes in price level

d.

All of the above

Question 3

Balance of Payments
IMF & World Bank

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

The immediate cause for the collapse of the Bretton Woods system was (December)

Choices

Choice (4)Response

a.

The attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.

b.

The massive flight of liquid capital from the U. S.

c.

The expectation that the U. S. would soon be forced to devalue the dollar.

d.

All a., b. and c. are correct

Question 4

Balance of Payments
IMF & World Bank

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Under a managed floating exchange rate system, the Nation՚s monetary authorities intervene in Foreign Exchange Markets to (December)

Choices

Choice (4)Response

a.

Smooth out long-run fluctuations in exchange rates

b.

Keep exchange rates fixed among a group of nations

c.

Smooth out short-run and long run fluctuations in exchange rates

d.

Smooth out short-run fluctuations in exchange rates

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