| 1 |
One of the following is not disadvantage of international trade |
- A. Dependence on production of limited goods
- B. Supply of goods injurious to health
- C. Bitter pill for political freedom
- D. Development of civilization & culture
|
| 2 |
International Monetary fund is |
- A. Local
- B. Regional
- C. National
- D. International
|
| 3 |
Money which can be converted into cash money is known is: |
- A. Near money
- B. Paper money
- C. Legal tender money
- D. Token money
|
| 4 |
One of the following is not included in the causes of deficit in balance of payments of a country |
- A. Increase in exports
- B. Increase in imports
- C. Unfavourable terms of trade
- D. Occurance of inflation
|
| 5 |
Balance of visible goods of a country mean |
- A. Quantity of imports & exports
- B. Value of imports & exports
- C. Value of imported & exported goods and services
- D. Value of imported & exported services
|
| 6 |
Advantages of international trade are |
- A. One
- B. Two
- C. Three
- D. Many
|
| 7 |
Absolute advantage theory was presented by |
- A. Adam Smith
- B. Prof Walker
- C. Ricardo
- D. Marshall
|
| 8 |
The relation between quantity of money and price is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 9 |
The exchange of goods and services from country to country is called |
- A. Foreign
- B. National trade
- C. Corporate trade
- D. Domestic trade
|
| 10 |
Comparative cost theory is also called |
- A. Theory of comparison cost
- B. Theory of specialization of cost
- C. Theory of balanced cost
- D. Theory of specialization of production
|
