NTA NET 2018 60 DAYS MCQ SERIES COMMERCE BY - TALVIR SINGH

ABOUT ME M.Com & MBA From PU CHANDIGARH JRF QUALIFIED IN COMMERCE WORKING AS ASSISTANT PROFESSOR 2 TIMES UNIVERSITY COLOR HOLDER BEST DEBATER OF PUNJAB (2017) BEST POET OF PU CHANDIGARH (2016) COMEDY ADDICT FREELANCE MOTIVATIONAL SPEAKER YOUTUBER unacademy

MCQ SERIES 47

49. Under the purely fluctuating exchange rate system, the balance of payments imbalances are automatically corrected by the following mechanism . A. speculation B. government intervention . C. interest rate changes . D. supply and demand in exchange markets E. none of the above

50. Which of the following is not directly related to the Bretton Woods system? A. 1944 B. the fixed exchange rate system * C. the bank of England . D. the International Monetary Fund . E. the World Bank

51. Which of the following is not directly attributable to the collapse of the fixed exchange rate system? . A. U.S. balance of payments deficits . B. the decrease in the U.S. dollar value .C. the decline of international reserves D. Japan's trade surplus .E. none of the above

52. The objectives of the International Monetary Fund (IMF) are A. to promote international monetary cooperation .B. to promote exchange stability * C. to create standby reserves . D. all of the above

53. The reserve tranche of the International Monetary Fund (IMF) means that by exchanging their own currencies for convertible currencies, a member country may draw % of its quota. A. 25 B. 50 C. 75 D. 80 E. 100

. 54. Which of the following is not a SDR component currency? A. US dollar . B. euro . C. Swiss franc * D. Japanese yen .E. British pound