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8th Chapter

12th Economics Chapter 8 Test

Here you can prepare 12th Economics English Medium Chapter 8 International Trade Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 8 Online MCQ Test for 12th Class Economics Chapter 8 (International Trade)

This online test contains MCQs about following topics:

. Difference between domestic and foreign trade, Advantages of international trade, Classical theory of international trade, Free trade and protection, Balance of trade vs balance of payments, foreign exchange rate, Fixed and floating exchage, Globalization MNCs, TNCs, WTO, Graphic explanation of trade theory.

ICS Part 2 Economics Ch. 8 Test
ic

2nd Year Economics Chapter 8 Online MCQ Test for 12th Class Economics Chapter 8 (International Trade)

Sr. # Questions Answers Choice
1 Exchange rate for currencies is determined by supply and demand in system of.
  • A. Fixed exchange
  • B. flexible
  • C. Constatn
  • D. Regulated
2 IMF Means
  • A. International Monetary Funds
  • B. Inernational Money Flow
  • C. International Money Forum
  • D. Internaional Monetary finance
3 Exports of goods is called trade in
  • A. Visible good
  • B. Invisibel goods
  • C. Basic goods
  • D. None real goods
4 A country does not trade with othr contries is called an economy
  • A. Open
  • B. Closed
  • C. Independent
  • D. None
5 Balance of payments of country includes.
  • A. Current account
  • B. Monetry Account
  • C. Capital Account
  • D. All of the above
6 Visible exports include
  • A. Remittance
  • B. Computer Hardware
  • C. Computer software
  • D. Transport cost
7 If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.
  • A. Capital account
  • B. Visible balance
  • C. Invisible balance
  • D. Offiicial financing
8 Visible goods are recorded int his part of balance of payments account
  • A. Current account
  • B. Capital account
  • C. Govt account
  • D. Official Account
9 Balance of payment of a country has major parts.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
10 Flxible exchange rate sytem has the advantage.
  • A. Automatic adjustment of balcne of payments
  • B. Easy to borrow form world bank
  • C. Encouragds exports
  • D. None of the above

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