12th class Economics chapter 7 online mcq test with answers for ICS part 2 Economics chapter 7 (Public Finance)

Question # 1

It Japan and Pakistan start free trade differene in wges in two counties will

Increase A
Decrease B
Double C
No effect D

Question # 2

Trade between two countries can be useful if cost ratios of goods are.

Equal A
Different B
Undertimed C
Decreasing D

Question # 3

Foregn trade creates among countries.

Conficits A
Cooperation B
Hatred C
None D

Question # 4

In foreign trde protection policy means.

Restrictions on imports A
Restrictions on exports B
Restriction on transfer of foreign exchagne C
All of the above D

Question # 5

Policy of Protecton in trade

Facilitates trade A
Protects local producers B
Protects foreign producers C
Protects exporters D

Question # 6

Which of the following is international trade

Trade between provinces A
Trade between countries B
Trade betwene regions C
Trade between continents D

Question # 7

Foreign Trade are

Benefits developed countries A
Benefits underdeveloped countires B
Benefits all countries C
Benefits democretive countries D

Question # 8

All are advantages of oreign trade Except.

People get foreign exchange A
Difference in politicla system B
Difference in markets C
Difference in ideology D

Question # 9

Pakistan is not a memebr of

IMF A
ECO B
OPEC C
World Bank D

Question # 10

What would encourage trade betwene two countries.

Different tax system A
Frontier checks B
National currencies C
Reduce traiff D

Question # 11

Ric countries have deficit in their balance of payments

Some times A
Never B
Atternatee years C
Always D

Question # 12

Theory of omparative advantages was presented.

Ricardo A
Adam Smith B
Hicks C
Arshad D

Question # 13

Pakistan Importss some goods and exports other goods primarily because of.

Free goods A
Comparative advantage B
Unemployment C
Self Sufficiency D

Question # 14

A Triff

Increase the volume trade A
Reduces the volume of trade B
Has no effect on volume of tradea C
a and c above D

Question # 15

International trade and domestic trade fiffer because of.

Trade restrictions A
Immobility of factors B
Difference govt Policy C
All of the above D

Question # 16

Net exports equal

Exports x imports A
Exports + imports B
exports- imports C
None of the above D

Question # 17

What would encorage trade betwene two countries.

Reduced tariffs A
Quality control B
Differente tax system C
Fixing import quotes D

Sr.#	Question	Answer
1	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
2	Trade between two countries can be useful if cost ratios of goods are.	A. Equal B. Different C. Undertimed D. Decreasing
3	Policy of Protecton in trade	A. Facilitates trade B. Protects local producers C. Protects foreign producers D. Protects exporters
4	Theory of omparative advantages was presented.	A. Ricardo B. Adam Smith C. Hicks D. Arshad
5	What would encorage trade betwene two countries.	A. Reduced tariffs B. Quality control C. Differente tax system D. Fixing import quotes
6	International trade and domestic trade fiffer because of.	A. Trade restrictions B. Immobility of factors C. Difference govt Policy D. All of the above
7	Govt policy about exports and imports is called.	A. Monetary policy B. Fiscal policy C. Commercial Policy D. Finance policy
8	Net exports equal	A. Exports x imports B. Exports + imports C. exports- imports D. None of the above
9	What would encourage trade betwene two countries.	A. Different tax system B. Frontier checks C. National currencies D. Reduce traiff
10	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

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It Japan and Pakistan start free trade differene in wges in two counties will

Trade between two countries can be useful if cost ratios of goods are.

Foregn trade creates among countries.

In foreign trde protection policy means.

Policy of Protecton in trade

Which of the following is international trade

Foreign Trade are

All are advantages of oreign trade Except.

Pakistan is not a memebr of

What would encourage trade betwene two countries.

Ric countries have deficit in their balance of payments

Theory of omparative advantages was presented.

Pakistan Importss some goods and exports other goods primarily because of.

A Triff

International trade and domestic trade fiffer because of.

Net exports equal

What would encorage trade betwene two countries.

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