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7th Chapter

12th Economics Chapter 7 Test

Here you can prepare 12th Economics English Medium Chapter 7 Public Finance Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 7 Online MCQ Test for 12th Class Economics Chapter 7 (Public Finance)

This online test contains MCQs about following topics:

. Public vs private finance, Public revenue, Tax and not tax revenue, Principles of taxation, Kinds of taxation, Direct and indirect, Progressive and proportional.

ICS Part 2 Economics Ch. 7 Test
ic

2nd Year Economics Chapter 7 Online MCQ Test for 12th Class Economics Chapter 7 (Public Finance)

Sr. # Questions Answers Choice
1 Foreign Trade
  • A. Increses employment opportunites
  • B. Increases international mobility of labour
  • C. Increases competition
  • D. All of the above
2 What would encorage trade betwene two countries.
  • A. Reduced tariffs
  • B. Quality control
  • C. Differente tax system
  • D. Fixing import quotes
3 Net exports equal
  • A. Exports x imports
  • B. Exports + imports
  • C. exports- imports
  • D. None of the above
4 Ric countries have deficit in their balance of payments
  • A. Some times
  • B. Never
  • C. Atternatee years
  • D. Always
5 It Japan and Pakistan start free trade differene in wges in two counties will
  • A. Increase
  • B. Decrease
  • C. Double
  • D. No effect
6 Two countries can gain from foreign trade if
  • A. Cost ratios are differnet
  • B. Traiff rates are different
  • C. Price ratios are different
  • D. a and c above
7 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
8 Foreign Trade are
  • A. Benefits developed countries
  • B. Benefits underdeveloped countires
  • C. Benefits all countries
  • D. Benefits democretive countries
9 Pakistan is not a memebr of
  • A. IMF
  • B. ECO
  • C. OPEC
  • D. World Bank
10 Policy of Protecton in trade
  • A. Facilitates trade
  • B. Protects local producers
  • C. Protects foreign producers
  • D. Protects exporters

Top Scorers of Economics Ics Part 2 English Medium Chapter 7 Online Test

M

Muhammad Kashif

Lahore25 - Apr - 2024

11/17
04 Mins 27 Sec

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