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

Pakistan is not a memebr of

Question # 2

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

Question # 3

Foreign Trade are

Question # 4

What would encourage trade betwene two countries.

Question # 5

Net exports equal

Question # 6

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

Question # 7

Which of the following is international trade

Question # 8

Theory of omparative advantages was presented.

Question # 9

Foreign Trade

Question # 10

A Triff

Question # 11

Ric countries have deficit in their balance of payments

Question # 12

International trade and domestic trade fiffer because of.

Question # 13

Foregn trade creates among countries.

Question # 14

Govt policy about exports and imports is called.

Question # 15

What would encorage trade betwene two countries.

Question # 16

In foreign trde protection policy means.

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 Economics Chapter 0 Important MCQ's

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

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