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
Correct Answer: Appreciation of domestic currency
Solution : A flexible exchange rate system is one in which the market's supply and demand for money determine the exchange rate. The value of the currency is free to alter in response to shifts in the supply and demand for foreign currencies under a flexible exchange rate system. Under a flexible exchange rate when the price of domestic currency in terms of foreign currency increases it is called appreciation of domestic currency.
Question : The Great Leap Forward (GLF) campaign took place in ________
Option 1: 1948
Option 2: 1938
Option 3: 1958
Option 4: 1942
Question : Article 112 deals with:
Option 1: Consolidated Fund of India
Option 2: Public Account
Option 3: Union Budget
Option 4: Contingency Fund
Question :
Identify the correct sequence of the Selection process :
(A) Selection decision
(B). Employment interview
(C) Selection tests
(D) Reference checking
Choose the correct answer from the options given below:
Option 1: (A), (B), (C), (D)
Option 2: (A), (C), (B), (D)
Option 3: (B), (A), (D), (C)
Option 4: (C), (B), (D), (A)
Question : Arrange the following elements in correct chronological sequence (earliest to latest):
(A) Smithsonian Agreement
(B) Bretton Woods Conference
(C) Establishment of WTO
(D) Gold Standard
Option 2: (D), (B), (A), (C)
Option 3: (D), (A), (B), (C)
Identify the correct sequence of the Controlling process :
(A) Analysing deviations
(B) Measurement of actual performance
(C) Setting up standards
(D) Comparison of actual performance with standards
Choose the correct answer from the options below:
Option 4: (C), (B), (D),(A)
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