CBSE 2021 Class 12 Economics Term 1 Paper

Question : 7

Total: 60

All currencies other than the domestic currency of a country are called as ______.
(Fill up the blank with correct alternative):
(i) Foreign exchange rate
(ii) Foreign exchange
(iii) Foreign aid
Identify the correct alternatives from the following.

(i) and (ii)
(i) and (iii)
(i), (ii) and (iii)
(ii) only

Solution:

(d) (ii) only
Explanation: Foreign exchange refers to all the currencies other than the domestic currency of the country.

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