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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
Quantity theory of money was introduced by:
Question # 2
Balance of payment of a country is favourable when its
Question # 3
One of the following is invisible item of balance of payment
Question # 4
If the face value of a coin is equal to the value of metal used in:
Question # 5
The term "inflation" means:
Question # 6
A system where the goods are exchanged with money is known as:
Question # 7
When there is inflation attached with high unemployment level, it is called ?
Question # 8
Factors of production are more mobile
Question # 9
" International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by
Question # 10
Advantages of international trade are
Question # 11
In order to improve the balance of payment the foremost try is to increase
Question # 12
International Monetary fund is
Question # 13
Comparative cost theory is also called
Question # 14
According to classical theory of international trade, a country imports those goods from the other country which
Question # 15
The relation between quantity of money and value of money is:
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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N Naveera 01 - Jun - 2021 02 Min 25 Sec 15/15 -
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 -
A Asif 07 - Mar - 2021 04 Min 44 Sec 13/15 -
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H Hamza 01 - Jul - 2021 05 Min 34 Sec 12/15 -
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H hamza abid 07 - Aug - 2021 10 Min 50 Sec 11/15 -
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