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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
Online 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
A system where the goods are exchange with goods is known as:
Question # 2
When general price level increases due to increase in cost of production, it is known as ?
Question # 3
The systematic record of visible and invisible exports and imports of a country in one year is called
Question # 4
The exchange of goods and services from country to country is called
Question # 5
Quantity theory of money was criticized by:
Question # 6
"Money is what money does" is the statements of:
Question # 7
Balance of payment of a country is favourable when its
Question # 8
" International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by
Question # 9
Quantity theory of money was introduced in an equation by:
Question # 10
Inflation can be controlled by:
Question # 11
Advantages of international trade are
Question # 12
In order to improve the balance of payment the foremost try is to increase
Question # 13
When there is inflation attached with high unemployment level, it is called ?
Question # 14
Quantity theory of money was introduced by:
Question # 15
A system where the goods are exchanged with money is known as:
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 -
R Rizwana 23 - Feb - 2021 02 Min 57 Sec 14/15 -
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 -
B Batool 01 - Dec - 2018 02 Min 06 Sec 12/15 -
M Maham 07 - Dec - 2020 02 Min 52 Sec 11/15 -
A Abdullah Aslam 06 - Aug - 2024 03 Min 16 Sec 11/15 -
A Aliya hassan 05 - Dec - 2020 03 Min 28 Sec 11/15 -
H Hamza 23 - Aug - 2021 08 Min 09 Sec 11/15 -
A Ali hamza 25 - Dec - 2018 03 Min 09 Sec 10/15 -
N Niaz 25 - Sep - 2022 03 Min 16 Sec 10/15
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