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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 If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.
  • A. Capital account
  • B. Visible balnce
  • C. Invisible balnce
  • D. Official financing
2 A country does not trade with othr contries is called an economy
  • A. Open
  • B. Closed
  • C. Independent
  • D. None
3 Balance of payments of country includes.
  • A. Current account
  • B. Monetry Account
  • C. Capital Account
  • D. All of the above
4 Exports of goods is called trade in
  • A. Visible good
  • B. Invisibel goods
  • C. Basic goods
  • D. None real goods
5 Balance of payment of a country has major parts.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
6 Final balance of the payment of a country is
  • A. Always balance
  • B. Always dificit
  • C. Always surplus
  • D. Flucluates
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 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
9 Visible exports include
  • A. Remittance
  • B. Computer Hardware
  • C. Computer software
  • D. Transport cost
10 The receipt of payments for goods exported and imported are counted in .
  • A. Capital Account
  • B. Trade Account
  • C. Current account
  • D. Monetary account

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