✓ Board-verified
Economics · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 1 · Q2
Keeping other factors constant, if the price of crude oil falls in the international market, it may lead to. (Choose the correct alternative to fill…
Keeping other factors constant, if the price of crude oil falls in the international market, it may lead to ___________.(Choose the correct alternative to fill up the blank)
Official answer
(B)
decrease in trade deficit
Marking-scheme solution
(B)
decrease in trade deficit
More from Open Economy Macroeconomics
- Read the following statements – Assertion and Reason (R) carefully. Choose the correct option from those given below: Assertion: Shipping service…2025
- “Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.” Justify the given statement with valid…2024
- Read the following statements carefully: Statement I: Trade in services includes both factor income and non-factor income transactions. Statement II:…2026
- Michel, an entrepreneur of Country Zeta, borrowed $ 5 million from an overseas bank to expand his textile business. During the same financial year,…2026
- Read the following statements: Assertion and Reason (R). Choose the correct option from those given below: Assertion: Transfers from Abroad…2026
- Distinguish between fixed exchange rate system and flexible exchange rate system.2024
- Under the flexible exchange rate system, the exchange rate is determined by the. (i) Government (ii) Demand and supply (iii) Intervention of the…2026
- Read the following statements – Assertion and Reason (R). Choose the correct option from those given below: Assertion: Increase in exchange rate…2026
CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.