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

ICS Part 2 Economics English Medium Chapter 7 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test"

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ICS Part 2 Economics English Medium Chapter 7 Online Test

00:00
Question # 1

What would encorage trade betwene two countries.

Question # 2

In foreign trde protection policy means.

Question # 3

Foregn trade creates among countries.

Question # 4

Ric countries have deficit in their balance of payments

Question # 5

All are advantages of oreign trade Except.

Question # 6

Pakistan is not a memebr of

Question # 7

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

Question # 8

A Triff

Question # 9

Foreign Trade

Question # 10

Govt policy about exports and imports is called.

Question # 11

Two countries can gain from foreign trade if

Question # 12

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

Question # 13

Policy of Protecton in trade

Question # 14

Net exports equal

Question # 15

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

Question # 16

What would encourage trade betwene two countries.

Question # 17

Theory of omparative advantages was presented.

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ICS Part 2 Economics English Medium Chapter 7 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Theory of omparative advantages was presented.
A. Ricardo
B. Adam Smith
C. Hicks
D. Arshad
2 It Japan and Pakistan start free trade differene in wges in two counties will
A. Increase
B. Decrease
C. Double
D. No effect
3 Foregn trade creates among countries.
A. Conficits
B. Cooperation
C. Hatred
D. None
4 Foreign Trade
A. Increses employment opportunites
B. Increases international mobility of labour
C. Increases competition
D. All of the above
5 What would encorage trade betwene two countries.
A. Reduced tariffs
B. Quality control
C. Differente tax system
D. Fixing import quotes
6 Ric countries have deficit in their balance of payments
A. Some times
B. Never
C. Atternatee years
D. Always
7 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
8 Pakistan is not a memebr of
A. IMF
B. ECO
C. OPEC
D. World Bank
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 Govt policy about exports and imports is called.
A. Monetary policy
B. Fiscal policy
C. Commercial Policy
D. Finance policy

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