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

IMF Means

Question # 2

Final balance of the payment of a country is

Question # 3

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

Question # 4

Visible exports include

Question # 5

Exports of goods is called trade in

Question # 6

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

Question # 7

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

Question # 8

Balance of payments of country includes.

Question # 9

Visible imports include.

Question # 10

In GNP of pakistan rises. It will encourage

Question # 11

It helps countries to meet deficit in balcne of payments.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

Pakistan exports as percentage GDP are.

Question # 16

Flxible exchange rate sytem has the advantage.

Question # 17

A country does not trade with othr contries is called an economy

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test" MCQs Online With Answers


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8th Chapter

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 IMF Means
A. International Monetary Funds
B. Inernational Money Flow
C. International Money Forum
D. Internaional Monetary finance
2 In GNP of pakistan rises. It will encourage
A. Exports
B. Imports
C. Both
D. None
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 Visible imports include.
A. Remittance
B. Machinery
C. Computer Software
D. Transport cost
6 The receipt of payments for goods exported and imported are counted in .
A. Capital Account
B. Trade Account
C. Current account
D. Monetary account
7 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
8 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
9 Invisible items in balce of payments include.
A. Foreign remittances
B. Income from tourism
C. Internet charges
D. All the three
10 Exchange rate for currencies is determined by supply and demand in system of.
A. Fixed exchange
B. flexible
C. Constatn
D. Regulated

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