Tag: international experience of exchange rate systems

Questions Related to international experience of exchange rate systems

Full form of SDRs:

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. Suitable Drawing Rights

  2. Special Drawing Rights

  3. Special Derivation Rights

  4. None of the above

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Correct Option: B
Explanation:

Special drawing rights. Special drawing rights (abbreviated SDR, ISO 4217 currency code XDR (numeric: 960)) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF).

The Triffin Dilemma was named after ____________. 

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. John Triffin

  2. Robbert Triffin

  3. Henry Triffin

  4. Adam Triffin

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Correct Option: B

Which conference had given birth to International Monetary Fund?

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. Uruguay Round Conference

  2. Round Table Conference

  3. Bretton Woods Conference

  4. Simla Conference

Show answer
Correct Option: C
Explanation:

The Bretton Woods conference was held in washington, DC in 1944. It was the period after the great depression and most economies in Europe were failing thus the IMF was set up as a bank where member states could draw from to maintain economic activity and employment through periodic crises.

The Gold Standard was from the period _______________.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. 1872-1920

  2. 1870-1914

  3. 1865-1900

  4. 1870-1900

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Correct Option: B

The Smithsonian agreement devalued the U.S. dollar by _________ relative to gold.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. 9.5%

  2. 8.5%

  3. 8%

  4. 9%

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Correct Option: B

FOB stands for  _______.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. Free On Board

  2. Free Of Bond

  3. Freight On Board

  4. Freedom Of Bond

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Correct Option: A

Tariff means ________.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. a tax on imported goods

  2. a tax on exports

  3. a tax on consumption

  4. a tax on savings

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Correct Option: A

Quantitative restrictions mean _________.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. a restriction by Government on quantity of export or imports of goods from or to a country

  2. a restriction by Government on quantity of production of goods by a country.

  3. a restriction by Government on quantity of sale of goods by a manufacturer

  4. a restriction by Government on quantity of quantity of raw material consumed.

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Correct Option: A

International reserves include _______. 

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. government holding of gold

  2. balance in International Monetary Fund

  3. foreign currency reserves

  4. all the three

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Correct Option: D
Explanation:

International reserves include gold reserves, forex reserves and a balance held with the IMF that he country can draw from with times off stress. All three help the country maintain its position on the international market and manage its balance of payment account, by influencing its exchange rate.

The share of concessional debt in total external debt of India had _________ in 2011.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. remained the same

  2. doubled

  3. reduced

  4. increased

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Correct Option: C
Explanation:

The share of concessional debt in total external debt of India had reduced to $18\%$ in June $2011$.