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12th Class Principles of Economics Chapter 7 Test

12th class I.Com Part 2 Principles of Economics chapter 7 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 7 Test

Start Chapter 7 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 7 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 All are advantages of oreign trade Except.
  • A. People get foreign exchange
  • B. Difference in politicla system
  • C. Difference in markets
  • D. Difference in ideology
2 Foreign Trade
  • A. Increses employment opportunites
  • B. Increases international mobility of labour
  • C. Increases competition
  • D. All of the above
3 Ric countries have deficit in their balance of payments
  • A. Some times
  • B. Never
  • C. Atternatee years
  • D. Always
4 In foreign trde protection policy means.
  • A. Restrictions on imports
  • B. Restrictions on exports
  • C. Restriction on transfer of foreign exchagne
  • D. All of the above
5 Net exports equal
  • A. Exports x imports
  • B. Exports + imports
  • C. exports- imports
  • D. None of the above
6 Which of the following is international trade
  • A. Trade between provinces
  • B. Trade between countries
  • C. Trade betwene regions
  • D. Trade between continents
7 Foregn trade creates among countries.
  • A. Conficits
  • B. Cooperation
  • C. Hatred
  • D. None
8 Theory of omparative advantages was presented.
  • A. Ricardo
  • B. Adam Smith
  • C. Hicks
  • D. Arshad
9 A Triff
  • A. Increase the volume trade
  • B. Reduces the volume of trade
  • C. Has no effect on volume of tradea
  • D. a and c above
10 International trade and domestic trade fiffer because of.
  • A. Trade restrictions
  • B. Immobility of factors
  • C. Difference govt Policy
  • D. All of the above

Chapterwise Lists

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