| 1 |
Balance of payments of a country has parts. |
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| 2 |
Terms of trade of developing countries are generally unfavourable because |
- A. They export primary goods
- B. They import value added goods
- C. They export few goods
- D. A and B of above
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| 3 |
Visible export include. |
- A. Remittance
- B. Computer hardware
- C. Computer software
- D. transport cost
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| 4 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. Exports - imports
- D. Exports of services only
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| 5 |
According to Hecsher and Ohlin basic cause of international trade is |
- A. Difference in factor endowments
- B. Difference in markets
- C. Difference in political system
- D. Difference in ideology
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| 6 |
Visible goods are recorded in this part of balance of payments account |
- A. Current account
- B. Capital account
- C. Govt. Account
- D. Official account
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| 7 |
If TOYOTA company, establishes a factory in Pakistan, this will be recorded in balance of payments in the section. |
- A. Capital account
- B. Visible balance
- C. Invisible balance
- D. Official financing
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| 8 |
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
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| 9 |
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
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| 10 |
In Japanese import more goods from Pakistan. |
- A. Our balance of payments will improve
- B. Japan's BOP wll deteriorate
- C. Our BOP will deteriorate
- D. a and b of above
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