PYQ ENGLISH

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IMPORTANT QUESTIONS

1. Mark correct or wrong against each of the following statements that describe the features of the military alliances formed by the superpowers.<br>
   d) Superpowers assist all the member countries to develop their own nuclear weapons.

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2. Mark correct or wrong against each of the following statements that describe the features of the military alliances formed by the superpowers.<br>
   c) When a nation attacks any member country, it is considered as an attack on all the member countries.

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3. Mark correct or wrong against each of the following statements that describe the features of the military alliances formed by the superpowers.<br>
   b) Member countries to support the superpower both in terms of ideology and military strategy.

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4. Mark correct or wrong against each of the following statements that describe the features of the military alliances formed by the superpowers.<br>
   a) Member countries of the alliance are to provide bases in their respective lands for the superpowers.

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5. Which among the following statements does not reflect the objectives of NAM

   • (a) Enabling newly decolonised countries to pursue independent policies.
   • (b) No to joining any military alliances.
   • (c) Following a policy of neutrality on global issues.
   • (d) Focus on elimination of global economic inequalities.

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6. Which among the following statements about the Cold War is wrong?

   • a) It was a competition between the US and Soviet Union and their respective allies.
   • b) It was an ideological war between the superpowers.
   • c) It triggered off an arms race.
   • d) the US and USSR were engaged in direct wars

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7. Discuss some of the exchange rate arrangements that countries have entered into to bring about stability in their external accounts.

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8. Suppose C = 100 + 0.75Y D, I = 500, G = 750, taxes are 20 per cent of income, X = 150, M = 100 + 0.2Y. Calculate equilibrium income, the budget deficit or surplus and the trade deficit or surplus.

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9. Should a current account deficit be a cause for alarm? Explain.

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10. If inflation is higher in country A than in Country B, and the exchange rate between the two countries is fixed, what is likely to happen to the trade balance between the two countries?

    Medium View solution