Question : The economic challenge to US dominance in the 21st century is characterized by:
Option 1: The decline of the dollar as the global reserve currency
Option 2: The rise of emerging markets
Option 3: The increase in trade protectionism
Option 4: The growth of the digital economy
Correct Answer: The rise of emerging markets
Solution : The economic challenge to US dominance in the 21st century is characterized by the rise of emerging markets, such as China and India, which are increasingly influential in the global economy.
Question : Under a flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called_______
Option 1: Depreciation of domestic currency
Option 2: Appreciation of domestic currency
Option 3: Devaluation of domestic currency
Option 4: Revaluation of domestic currency
Question : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question : If the value of Investment Multiplier is 5 and the increased income is 800 crore in an economy, the find the value of change in the investment in the economy.
Option 1: 4000 crore
Option 2: 120 crore
Option 3: 400 crore
Option 4: 160 crore
Question : _________ is a market where economic agents can freely exchange their endowments with each other.
Option 1: Market economy
Option 2: Centrally planned economy
Option 3: Aggregate demand based economy
Option 4: Aggregate supply based economy
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