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📝 India in the World Economies In 2012

📖 From World History: Modern • 27. The Changing World Economy Since 1900 • 7 questions available

Practice MCQs for India in the World Economies In 2012. Test your knowledge with carefully crafted questions across easy, medium, and hard difficulty levels.

🔄 Last updated: 2026-07-25

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Easy Questions
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📝 Sample Questions

Q1. What was India's current account deficit in June 2011?

🔹 A. $30 billion
🔹 B. $49 billion
🔹 C. $72 billion
🔹 D. $100 billion

💡 Difficulty: easy | ✅ Correct: B

Q2. Why would a weaker rupee potentially boost Indian exports but also increase the cost of living for residents?

🔹 A. It makes imports cheaper
🔹 B. It reduces foreign demand for Indian goods
🔹 C. It lowers export prices while raising import prices
🔹 D. It has no impact on trade

💡 Difficulty: medium | ✅ Correct: C

Q3. If Indian exports fall by 3 % and the rupee depreciates 10 % against the USD, with an import‑price elasticity of 0.5, what is the net effect on the trade balance?

🔹 A. Trade balance improves by 2 %
🔹 B. Trade balance worsens by 2 %
🔹 C. No change in trade balance
🔹 D. Trade balance worsens by 8 %

💡 Difficulty: hard | ✅ Correct: A

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