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12th Class Principles of Economics Chapter 8 Test

12th class I.Com Part 2 Principles of Economics chapter 8 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 8 Test

Start Chapter 8 Test

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

12th class I.Com Part 2 Principles of Economics chapter 8 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 A tariff
  • A. Increases the volume of trade
  • B. Reduces the volume of trade
  • C. Has no effect on volume of trade
  • D. A and C of above
2 Visible import include
  • A. Remittance
  • B. Machineary
  • C. Computer software
  • D. transport cost
3 Two countries can gain from foreign trade if
  • A. Cost ratios are different
  • B. Tariff rates are different
  • C. Price ratios are different
  • D. A and C of above
4 Visible goods are recorded in this part of balance of payments account
  • A. Current account
  • B. Capital account
  • C. Govt. Account
  • D. Official account
5 In CDA(Capital Development Authority Islamabad) gets a loan from world bank for roads, it will be recorded in the balance of payments in section.
  • A. Capital account
  • B. Visible balance
  • C. Invisible balance
  • D. Official financing
6 Term of trade of a country show
  • A. Ratio of goods exported and imported
  • B. Ratio of import duties
  • C. Ratio of prices of exports and imports
  • D. A and C of above
7 Trade between two countries can be useful if cost ratios of goods are
  • A. Equal
  • B. Different
  • C. Undetermined
  • D. Decreasing
8 A tariff is
  • A. A restriction on the number of export firms
  • B. Limit on the amount of imported goods
  • C. Tax on imports
  • D. B and C of above
9 Modern theory of international trade is based on the views of
  • A. Robbins and Ricardo
  • B. Adam Smith and Marshall
  • C. Heckcsher and Ohlin
  • D. Saleem and Kareem
10 Fixed exchange rate system has the advantage.
  • A. Automatic adjustment of balance of payments
  • B. Greater govt control over foreign trade
  • C. discourages unnecessary speculation about future trade deals
  • D. b and c of above

Top Scorers of Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test

K

Khudeja Noor

Lahore03 - Jun - 2022

6/10
02 Mins 53 Sec

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