| 1 |
Term of trade of a country show |
- A. Ratio of goods exported and imported
- B. Ratio of import duties
- C. Ratio of prices of exports and imports
- D. A and C of above
|
| 2 |
A tariff |
- A. Increases the volume of trade
- B. Reduces the volume of trade
- C. Has no effect on volume of trade
- D. A and C of above
|
| 3 |
The receipts and payments for goods exported and imported are counted in |
- A. Trade account
- B. Capital account
- C. Current account
- D. monetary account
|
| 4 |
If Japan and Pakistan start free trade, difference in wages in two countries will |
- A. Increase
- B. Decrease
- C. No effect
- D. Double
|
| 5 |
A tariff is |
- A. A restriction on the number of export firms
- B. Limit on the amount of imported goods
- C. Tax on imports
- D. B and C of above
|
| 6 |
Export goods is called trade in |
- A. Visible goods
- B. Invisible goods
- C. Basic goods
- D. Real goods
|
| 7 |
The balance of payment account of a country includes |
- A. Official transfer of foreign exchange
- B. smuggling transactions
- C. loans and aid
- D. Both and c of the above
|
| 8 |
IMF give loans. |
- A. To fill gape in balance of payments
- B. to fill gap in government budget
- C. To decrease inflation
- D. To increase employment opportunities
|
| 9 |
Balance of payments of country inclueds |
- A. Balance of trade
- B. Capital receipts and payments
- C. Saving and investment account
- D. a and b above
|
| 10 |
If balance of payment country is in deficit, then |
- A. Current account will be in deficit
- B. Country can increase money supply to end deficit
- C. The country can borrow from abroad
- D. a and c above
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