Economic and Social Development | Foreign Exchange Market
Economic and Social Development | Foreign Exchange Market
1. From which year was the FEMA Promulgated?
2003
2002
2000
1999
Correct Answer
Wrong Answer
2. Under free exchange market the rate of foreign exchange is determined by
Balance of Payments Theory
Purchasing Power Parity Theory
Mint par Theory
None of the above
Correct Answer
Wrong Answer
3. The development is
reduction of prices
deficit financing
loans from World Bank and I.M.F.
reduction in the value of currency in terms of gold
Correct Answer
Wrong Answer
4. Which of the following authority sanctions foreign exchange for import of goods?
Any nationalised Bank
Exchange Bank
Reserve Bank of India
Ministry of Finance
Correct Answer
Wrong Answer
5. The term 'Paper Gold' means
special drawing rights of the I.M.F.
special accommodation facility of the World Bank
currencies still on Gold standard
deficit financing
Correct Answer
Wrong Answer
6. India, Foreign Investment Promotion Board now works under
Reserve Bank of India
Ministry of External Affairs
Ministry of Commerce
Ministry of Finance
