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

ICS Part 2 Economics English Medium Chapter 8 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test"

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ICS Part 2 Economics English Medium Chapter 8 Online Test

00:00
Question # 1

Visible goods are recorded int his part of balance of payments account

Question # 2

Invisible items in balce of payments include.

Question # 3

The receipt of payments for goods exported and imported are counted in .

Question # 4

If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.

Question # 5

Balance of payment of a country has major parts.

Question # 6

Visible exports include

Question # 7

Exports of goods is called trade in

Question # 8

It helps countries to meet deficit in balcne of payments.

Question # 9

IMF Means

Question # 10

Flxible exchange rate sytem has the advantage.

Question # 11

Pakistan exports as percentage GDP are.

Question # 12

IMF has given loan to Pakistan. It wilimprove Pakistan's

Question # 13

Final balance of the payment of a country is

Question # 14

Visible imports include.

Question # 15

Which of the following compares everage pricw of exports to avarage Price of imports.

Question # 16

Balance of payments of country includes.

Question # 17

Exchange rate for currencies is determined by supply and demand in system of.

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ICS Part 2 Economics English Medium Chapter 8 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 In GNP of pakistan rises. It will encourage
A. Exports
B. Imports
C. Both
D. None
2 Visible imports include.
A. Remittance
B. Machinery
C. Computer Software
D. Transport cost
3 It helps countries to meet deficit in balcne of payments.
A. IMF
B. WTO
C. World Bank
D. UNO
4 IMF Means
A. International Monetary Funds
B. Inernational Money Flow
C. International Money Forum
D. Internaional Monetary finance
5 Invisible items in balce of payments include.
A. Foreign remittances
B. Income from tourism
C. Internet charges
D. All the three
6 A country does not trade with othr contries is called an economy
A. Open
B. Closed
C. Independent
D. None
7 Which of the following compares everage pricw of exports to avarage Price of imports.
A. Balance of payments
B. Balance of trade
C. Terms of trade
D. Exchange of rate
8 Pakistan exports as percentage GDP are.
A. 4%
B. 8%
C. 12%
D. 16%
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

Test Questions

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