CBSE Class 12 Economics — Open Economy Macroeconomics (Balance of Payments)
All previous year questions from Chapter: Open Economy Macroeconomics (Balance of Payments)
2 questions found
2026(2 questions)
- 3
Read the following statements carefully : Statement 1 : Depreciation of currency is an economic action undertaken by the government of a nation under the fixed exchange rate system. Statement 2 : Under the floating exchange Rate system, authorities actively intervene in the foreign exchange market by way of maintaining foreign exchange reserves. In the light of the given statements, choose the correct option from the following :
1 mark· A· Fixed vs Floating Exchange Rate — Devaluation and Depreciation - 8
Read the following statements : Assertion (A) and Reason (R). Choose the correct option from those given below : Assertion (A) : Unilateral Transfers are recorded in the Current Account of the Balance of Payments (BoP) of a nation. Reason (R) : Capital account records transactions which cause a change in the assets or liabilities of the country.
1 mark· A· Current Account and Capital Account of Balance of Payments