Currency depreciation generally makes imports: MCQ with Answer and Explanation

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Currency depreciation generally makes imports:

A. unchanged

B. more expensive in domestic currency

C. subsidized

D. cheaper

Answer: Option B

Solution (By JKSSB Mock Tests)

Depreciation makes foreign goods more expensive in domestic currency, reducing import demand.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Development Association' lends mainly to:

A. developed countries

B. poorest developing countries on concessional terms

C. private corporations

D. central banks

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Correct Answer: Option B

Explanation:
IDA provides concessional loans and grants to the world's poorest countries.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a objective of economic planning in India?

A. Economic growth

B. Maximisation of inequality

C. Modernisation

D. Self-reliance

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Correct Answer: Option B

Explanation:
Economic planning in India aimed at growth, modernisation, self-reliance and social justice (reduction of inequality), not maximisation of inequality.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'United Nations' has how many member states?

A. 220

B. 193

C. 200

D. 150

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Correct Answer: Option B

Explanation:
The United Nations has 193 member states.

This question belongs to: Economy GK Economy Set 1

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