7th Chapter

ICS Part 2 Economics English Medium Chapter 7 Test

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

Start Chapter 7 Test

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

Sr. # Questions Answers Choice
1 What would encourage trade betwene two countries.
  • A. Different tax system
  • B. Frontier checks
  • C. National currencies
  • D. Reduce traiff
2 Net exports equal
  • A. Exports x imports
  • B. Exports + imports
  • C. exports- imports
  • D. None of the above
3 Foregn trade creates among countries.
  • A. Conficits
  • B. Cooperation
  • C. Hatred
  • D. None
4 In foreign trde protection policy means.
  • A. Restrictions on imports
  • B. Restrictions on exports
  • C. Restriction on transfer of foreign exchagne
  • D. All of the above
5 Trade between two countries can be useful if cost ratios of goods are.
  • A. Equal
  • B. Different
  • C. Undertimed
  • D. Decreasing
6 Ric countries have deficit in their balance of payments
  • A. Some times
  • B. Never
  • C. Atternatee years
  • D. Always
7 Govt policy about exports and imports is called.
  • A. Monetary policy
  • B. Fiscal policy
  • C. Commercial Policy
  • D. Finance policy
8 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
9 Policy of Protecton in trade
  • A. Facilitates trade
  • B. Protects local producers
  • C. Protects foreign producers
  • D. Protects exporters
10 Foreign Trade
  • A. Increses employment opportunites
  • B. Increases international mobility of labour
  • C. Increases competition
  • D. All of the above

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

M

Muhammad Hassan

Lahore26 - Apr - 2025

17/17
01 Mins 05 Sec
M

Muhammad Hassan

Lahore26 - Apr - 2025

16/17
02 Mins 12 Sec
M

Muhammad Hassan

Lahore26 - Apr - 2025

16/17
02 Mins 12 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

16/17
02 Mins 22 Sec
M

Muhammad Hassan

Lahore29 - Apr - 2025

15/17
03 Mins 39 Sec
I

Irshad Hussain

Lahore20 - Apr - 2025

12/17
04 Mins 05 Sec
A

Asim Khan Wazir

Lahore30 - Apr - 2025

9/17
03 Mins 08 Sec

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