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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
00:00
Question # 1
Recent international depression was appeared in:
Question # 2
When general price level increases due to increase in aggregate demand, it is known as?
Question # 3
Balance of payments is annual statistical record of
Question # 4
If the face value of a coin is equal to the value of metal used in:
Question # 5
One of the following is not advantage of international trade
Question # 6
Cheque is which kind of money:
Question # 7
Which one of the following is included in balance of trade
Question # 8
The first great depression was appeared in:
Question # 9
When there is inflation attached with high unemployment level, it is called ?
Question # 10
Deflation means:
Question # 11
International Monetary fund is
Question # 12
Quantity theory of money was criticized by:
Question # 13
The exchange of goods and services from country to country is called
Question # 14
The trade that takes place between the inhabitants of two countries is called
Question # 15
Advantages of international trade are
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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M meeral 26 - Feb - 2021 01 Min 43 Sec 14/15 -
H Hira 02 - Dec - 2018 01 Min 49 Sec 14/15 -
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H hamza abid 07 - Aug - 2021 10 Min 50 Sec 11/15 -
A Ali hamza 25 - Dec - 2018 03 Min 09 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 12 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Foreign exchange is used in |
A. Local trade
B. Regional trade
C. Domestic trade
D. International trade
|
| 2 | Recent international depression was appeared in: |
A. 1936
B. 1990
C. 2005
D. 2008
|
| 3 | Difficulties in barter system: |
A. Lack of double coincidence of wants
B. Lack of storing value
C. Lack of common measure of value
D. All of these
|
| 4 | The systematic record of visible and invisible exports and imports of a country in one year is called |
A. Balance of trade
B. Balance of payment
C. External balance
D. Internal balance
|
| 5 | The relation between quantity of money and price is: |
A. Positive
B. Negative
C. Direct
D. Inverse
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| 6 | Advantages of international trade are |
A. One
B. Two
C. Three
D. Many
|
| 7 | Which of the following is not invisible trade |
A. Expenditure on education in other country
B. Expenditure on imported machinery
C. Expenditure of passengers traveling by air
D. Expenditure of goods carried by a ship
|
| 8 | 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
|
| 9 | Quantity theory of money was introduced by: |
A. Fisher
B. Marshall
C. Crowther
D. J.S Mill
|
| 10 | 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
|
Test Questions
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