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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test MCQs With Answers

Question # 1

Balance of payments of country includes.

Choose an answer

Current account

Monetry Account

Capital Account

All of the above

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Question # 2

Visible goods are recorded int his part of balance of payments account

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Current account

Capital account

Govt account

Official Account

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Question # 3

A country does not trade with othr contries is called an economy

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Open

Closed

Independent

None

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Question # 4

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

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Capital account

Visible balance

Invisible balance

Offiicial financing

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Question # 5

The receipt of payments for goods exported and imported are counted in .

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Capital Account

Trade Account

Current account

Monetary account

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Question # 6

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

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Question # 7

Visible imports include.

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Remittance

Machinery

Computer Software

Transport cost

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Question # 8

In GNP of pakistan rises. It will encourage

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Exports

Imports

Both

None

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Question # 9

If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.

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Capital account

Visible balnce

Invisible balnce

Official financing

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Question # 10

Pakistan exports as percentage GDP are.

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12%

16%

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Question # 11

Exports of goods is called trade in

Choose an answer

Visible good

Invisibel goods

Basic goods

None real goods

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