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

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Question # 1

Policy of Protecton in trade

Question # 2

All are advantages of oreign trade Except.

Question # 3

Pakistan is not a memebr of

Question # 4

In foreign trde protection policy means.

Question # 5

What would encorage trade betwene two countries.

Question # 6

Net exports equal

Question # 7

International trade and domestic trade fiffer because of.

Question # 8

A Triff

Question # 9

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

Question # 10

Theory of omparative advantages was presented.

Question # 11

Foregn trade creates among countries.

Question # 12

What would encourage trade betwene two countries.

Question # 13

Govt policy about exports and imports is called.

Question # 14

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

Question # 15

Foreign Trade are

Question # 16

Which of the following is international trade

Question # 17

Two countries can gain from foreign trade if

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ICS Part 2 Economics English Medium Chapter 7 Test

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ICS Part II Class Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which of the following is international trade
A. Trade between provinces
B. Trade between countries
C. Trade betwene regions
D. Trade between continents
2 Pakistan is not a memebr of
A. IMF
B. ECO
C. OPEC
D. World Bank
3 Net exports equal
A. Exports x imports
B. Exports + imports
C. exports- imports
D. None of the above
4 Theory of omparative advantages was presented.
A. Ricardo
B. Adam Smith
C. Hicks
D. Arshad
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 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
7 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
8 Ric countries have deficit in their balance of payments
A. Some times
B. Never
C. Atternatee years
D. Always
9 Govt policy about exports and imports is called.
A. Monetary policy
B. Fiscal policy
C. Commercial Policy
D. Finance policy
10 Trade between two countries can be useful if cost ratios of goods are.
A. Equal
B. Different
C. Undertimed
D. Decreasing

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