| 1 |
In order to improve the balance of payment the foremost try is to increase |
- A. Imports
- B. Exports
- C. Production
- D. Savings
|
| 2 |
The record of visible and invisible items on international account is called |
- A. Balance of payment
- B. Balance of trade
- C. Balance of budget
- D. Capital account
|
| 3 |
Foreign exchange is used in |
- A. Local trade
- B. Regional trade
- C. Domestic trade
- D. International trade
|
| 4 |
The relation between quantity of money and value of money is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 5 |
The term "inflation" means: |
- A. Rapid increase in price level
- B. Decrease in price level
- C. General increase in price level
- D. Both a and c
|
| 6 |
In between how many countries international trade takes place under comparative cost theory |
- A. Two
- B. Three
- C. Four
- D. Many
|
| 7 |
Money which can be converted into cash money is known is: |
- A. Near money
- B. Paper money
- C. Legal tender money
- D. Token money
|
| 8 |
Quantity theory of money was introduced by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. J.S Mill
|
| 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 |
Balance of payment of a country is favourable when its |
- A. Receipts are more than payments
- B. Receipts are less than payments
- C. Receipts are equal to payments
- D. None of three
|
