Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called: MCQ with Answer and Explanation

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Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:

A. revaluation

B. appreciation

C. depreciation

D. devaluation

Answer: Option C

Solution (By JKSSB Mock Tests)

A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Agriculture Market' e-NAM was launched in which year?

A. 2016

B. 2014

C. 2018

D. 2017

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Correct Answer: Option A

Explanation:
e-NAM was launched in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Safeguard duty' is imposed under WTO rules to:

A. temporarily protect domestic industry from a sudden surge in imports

B. tax all exports

C. promote free trade

D. permanently ban imports

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Correct Answer: Option A

Explanation:
Safeguard duty is a temporary measure to protect domestic industry from an import surge.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Savings Certificate' is issued by:

A. SEBI

B. Post Office

C. RBI

D. Commercial banks

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Correct Answer: Option B

Explanation:
National Savings Certificate is issued by the Post Office.

This question belongs to: Economy GK Economy Set 1

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