| 1 |
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
|
| 2 |
One of the following is not advantage of international trade |
- A. Provision of necessities of life
- B. Imperfections of market
- C. Provision of medicines & machinery
- D. Provision of necessities of defence
|
| 3 |
Factors of production are more mobile |
- A. In international trade
- B. In the country
- C. In both
- D. In none
|
| 4 |
One of the following is not included in the methods of removing deficit in balance of payments of a country |
- A. Increase in exports
- B. Increase in imports
- C. Devaluation of currency
- D. Decrease in the quantity of money
|
| 5 |
In case of international trade, trade restrictions are usually |
- A. Limited
- B. More
- C. Too much
- D. None of three
|
| 6 |
Deflation means: |
- A. Rapid increase in price level
- B. General decrease in price level
- C. General increase in price level
- D. Both a and c
|
| 7 |
The most appropriate definition of money was given by: |
- A. F.A.Walker
- B. Keynes
- C. Pigou
- D. Crowther
|
| 8 |
If the face value of a coin is greater than the value of metal used in: |
- A. Legal money
- B. Token money
- C. Standard money
- D. Both b and c
|
| 9 |
The base of international trade theory of Devid Ricardo is |
- A. Absolute advantage
- B. Comparative cost
- C. Cheaper cost
- D. Low cost
|
| 10 |
If currency can converted into gold, it is called: |
- A. Convertible paper money
- B. Inconvertible paper money
- C. Bank Money
- D. Both a and b
|
