Monthly Test Imperial junior college, Badarpur HS 2nd Year / Subject : Macro Economics Total Marks : 25. Time: 1h. Answer The Following questions:. 1 Mark each ( 1-5) 1. What is Fiscal policy ? 2. Define Public goods. 3. What is Invisible trade? 4. Who regulates the foreign exchange market in India ? 5. What is Closed Economy ? 6. What are the sources of Government revenues ? 2 7. What is open economy ? Give one example . 2 8. Distinguished between fixed exchange rate and flexible exchange rate . 4 9. State the objectives of preparing Government budget .6 10. Discuss the reasons behind disequilibrium in Balance of payment . 6