Foreign Trade Economy MCQ

Admin January 22, 2022

 Foreign Trade 

Indian Economy MCQ

Foreign Trade Economy MCQ
Foreign Trade Economy MCQ


Indian Economy is also an important subject for Competitive exams like SSC, CGL, CHSL, State PSC, UPSC, WBCS, UPPSC, TNPSC, BPSC, etc exams.
In this section, we are sharing the most important practice set on Foreign Trade.
Foreign trade is the exchange of capital, goods, and services across international borders or territories.
We have already shared all the chapters of the Indian Economy. You can read and participate in all the mock tests to boost your knowledge.

Economy | Foreign Trade



1. Monetary policy is implemented by..... in India.




... Answer is D)
Reserve Bank of India

2. The Indian rupee was made convertible into which of the following accounts since March 1993?




... Answer is B)
Current Account

3. Indian rupee had been made fully convertible on




... Answer is A)
current account on March 1, 1993

4. Convertibility of the rupee implies




... Answer is B)
freely permitting the conversion of rupee to other currencies and vice-versa

5. The Prevention of Money Laundering Act came into force in India during




... Answer is D)
2005

6. Number of times a unit of money changes hands in the course of a year is called




... Answer is C)
Velocity of money

7. Which of the following is/are treated as artificial currency?




... Answer is B)
SDR

8. Reserve Bank of India issues currency notes against which of the following?




... Answer is D)
All of the above

9. Why companies go for business process re-engineering with the help of technology?




... Answer is D)
All of the above

10. From which year was the FEMA Promulgated?




... Answer is C)
2000

11. Under free exchange market the rate of foreign exchange is determined by




... Answer is B)
Purchasing Power Parity Theory.

12. The development is




... Answer is D)
reduction in the value of currency in terms of gold.

13. Which of the following authority sanctions foreign exchange for import of goods?




... Answer is D)
Ministry of Finance.

14. The term ‘Paper Gold’ means




... Answer is A)
special drawing rights of the I.M.F.

15. India, Foreign Investment Promotion Board now works under




... Answer is D)
Ministry of Finance.

16. Which of the following systems of Note-issue is followed by RBI?




... Answer is B)
Minimum Reserve System.

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MCQ on Foreign Trade, MCQ on Foreign Trade, Foreign Trade MCQ, Foreign Trade MCQ, Chapterwise economy MCQ, MCQ on Indian economy, MCQ on economy UPSC, MCQ on economy of India, foreign trade in India, the foreign trade policy of India
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