CUET Economics - When the income of domestic consumers increases, their spending will Increase and thus spending on imported goods is also likely to increase. This leads to ............... of domestic currency? | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Macro

Medium

Revaluation.

Appreciation.

Depreciation.

Devaluation.

✅ Correct Option: 3

Related questions:

14 May Shift 1

If the current exchange rate is Rs. 80 to a pound and investors believe that the pound is going to appreciate by the end of the month and will be worth Rs.85, investors think if they gave the dealer Rs. 80,000 and bought 1000 pounds, at the end of the month, they would be able to exchange the pounds for Rs. 85,000, thus making a profit of ......

28 May Shift 1

It is difficult to record all international transactions accurately. Thus, there is a third element of Balance of Payment (BoP) (apart from the current and capital accounts) which adjusts inaccuracies to some extent that is called:

Reserves Change
Overall Balance
Errors and Omissions
Other Flows

22 May Shift 1

The current account is the record of trade in goods and services and transfer payments. Arrange the following components in terms of service.

(A). Current account.

(B). Net factor income + Net Non-factor income.

(C). Net investment income + Net income from compensation of employees.

(D). Trade in services.

Choose the correct answer from the options given below:

CUET Economics 2025 22 May Shift 2 PYQs

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