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This online test contains MCQs about following topics:
. Meaning of international trade . Differnce in international trade and national trade . Importance of international trade . Adam Simth's theory o fabsolute advantage . Assumptions of theory . Criticism of theory . Causes of deficit in balance of payments
ICOM Part 1 Economics Ch 12 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 12 "Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test"
Try The MCQ's Test For Chapter 12 "Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test
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Question # 1
Balance of visible goods of a country mean
Question # 2
The trade that takes place between the individuals living in different areas of a country is called
Question # 3
In comparative cost or comparative advantage theory, ratio is
Question # 4
In case of international trade, trade restrictions are usually
Question # 5
Balance of payment of a country in unfavourable when its
Question # 6
The term "inflation" means:
Question # 7
The exchange of goods and services from country to country is called
Question # 8
The systematic record of visible and invisible exports and imports of a country in one year is called
Question # 9
Balance of payment of a country is balanced when its
Question # 10
Absolute advantage theory was presented by
Question # 11
In which of the following condition theory of international trade is presented
Question # 12
Which one of the following is included in balance of trade
Question # 13
The systematic record of the money value of visible exports and visible imports of one year of country is called
Question # 14
The relation between quantity of money and value of money is:
Question # 15
Balance of payment of a country is favourable when its
11th Principle of Economics Chapter 12 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 12 International Trade Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 12 "Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test" MCQ`s Test
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M meeral 26 - Feb - 2021 01 Min 43 Sec 14/15 -
H Hira 02 - Dec - 2018 01 Min 49 Sec 14/15 -
S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 00 Sec 14/15 -
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H Hira 14 - May - 2018 04 Min 25 Sec 14/15 -
M Minahil Asif 03 - Jun - 2024 01 Min 19 Sec 13/15 -
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A Asif 07 - Mar - 2021 04 Min 44 Sec 13/15 -
B Batool 01 - Dec - 2018 02 Min 06 Sec 12/15 -
H Hamza 01 - Jul - 2021 05 Min 34 Sec 12/15 -
M Maham 07 - Dec - 2020 02 Min 52 Sec 11/15 -
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H hamza abid 07 - Aug - 2021 10 Min 50 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 12 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Because of devaluation of currency of a country, its exports |
A. Decrease
B. Increase
C. Remains constant
D. Go on changing
|
| 2 | The trade transaction between the individuals of different areas of a country is called |
A. Local trade
B. Regional trade
C. Domestic trade
D. International trade
|
| 3 | When general price level increases due to increase in cost of production, it is known as ? |
A. Stagflation
B. Hyper inflation
C. Demand pull inflation
D. Cost push inflation
|
| 4 | A system where the goods are exchange with goods is known as: |
A. Monetary system
B. Barter System
C. Coins system
D. Goods system
|
| 5 | International Monetary fund is |
A. Local
B. Regional
C. National
D. International
|
| 6 | Inflation can be controlled by: |
A. Fiscal policy
B. Monetary policy
C. Trade policy
D. Both a and b
|
| 7 | When general price level increases due to increase in aggregate demand, it is known as? |
A. Stagflation
B. Hyper inflation
C. Demand pull inflation
D. Cost push inflation
|
| 8 | Quantity theory of money was criticized by: |
A. Marshall
B. Sameulson
C. Keynes
D. Both b and c
|
| 9 | The relation between quantity of money and value of money is: |
A. Positive
B. Negative
C. Direct
D. Inverse
|
| 10 | The most appropriate definition of money was given by: |
A. F.A.Walker
B. Keynes
C. Pigou
D. Crowther
|
Test Questions
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