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

It helps countries to meet deficit in balcne of payments.

Question # 2

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

Question # 3

Exports of goods is called trade in

Question # 4

Balance of payments of country includes.

Question # 5

Visible imports include.

Question # 6

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

Question # 7

Pakistan exports as percentage GDP are.

Question # 8

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

Question # 9

Invisible items in balce of payments include.

Question # 10

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

Question # 11

Visible exports include

Question # 12

Balance of payment of a country has major parts.

Question # 13

Final balance of the payment of a country is

Question # 14

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

Question # 15

IMF Means

Question # 16

In GNP of pakistan rises. It will encourage

Question # 17

Flxible exchange rate sytem has the advantage.

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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 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
2 IMF has given loan to Pakistan. It wilimprove Pakistan's
A. Current account
B. Capital Account
C. Overall balance of payments
D. B and c above
3 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
4 Balance of payments of country includes.
A. Current account
B. Monetry Account
C. Capital Account
D. All of the above
5 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
6 Pakistan exports as percentage GDP are.
A. 4%
B. 8%
C. 12%
D. 16%
7 Visible goods are recorded int his part of balance of payments account
A. Current account
B. Capital account
C. Govt account
D. Official Account
8 Visible exports include
A. Remittance
B. Computer Hardware
C. Computer software
D. Transport cost
9 It helps countries to meet deficit in balcne of payments.
A. IMF
B. WTO
C. World Bank
D. UNO
10 In GNP of pakistan rises. It will encourage
A. Exports
B. Imports
C. Both
D. None

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