PPSC Economics Topic 5 MCQS Test Preparation

Candidates who have done their higher education in the Economics subject and are looking to start their career through PPSC, here we come with the best preparation solution for them. We come with the online PPSC economics tests. These tests are designed by professionals who are familiar with the idea that how examiners arrange the paper for PPSC. Candidates can get a full book test as well as the Topic-wise tests. However, here on this page, the PPSC economics online test of Topic 5th is available.

MCQ's Test For PPSC Economics Topic 5 International Economics

Try The MCQ's Test For PPSC Economics Topic 5 International Economics

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PPSC Economics Topic 5 International Economics

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Question # 1

If the home country government grants a subsidy on a domestically produced good domestic producers lend to.

Question # 2

The factor endearment model of international trade was developed by.

Question # 3

All of the following are trade problems of developing countries except.

Question # 4

According to the factor endowment model of Hackshcer and Ohlin countries heavily endowed with land will.

Question # 5

according to factor price equalization theorem, if country A is labor abundant then once trade opens.

Question # 6

A nation with a current account deficit will be

Question # 7

All of the following are debit items in the balance of payment eexcept.

Question # 8

The most widely traded currency in the foreign exchange market is the.

Question # 9

International trade in goods and services tends to

Question # 10

A feasible effect of international trade is that a

Question # 11

Which financial instruments provide a buyer the right to purchase or sell a fixed amount of currency at a prearranged price within a few days to a coupled of years.

Question # 12

Exchange rate overshooting often occur because.

Question # 13

The exchange rate is kept the same across geographically separate markets by

Question # 14

The asset market approach is most helpful in explaining.

Question # 15

Credit (+) items in the balance of payments correspond to anything that.

Question # 16

In the classical model of Ricardo the direction of trade is determined by

Question # 17

Import substitution is an example of

Question # 18

A tariff -rate quota

Question # 19

A product will be traded only if the pre trade price difference between the two countries

Question # 20

A sudden shift from import tariffs to free trade may induce short term unemployment in.

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PPSC Economics Chapter 5 Important MCQ's

Sr.# Question Answer
1 The earliest statement of the principle of comparative advantage in associated with
A. Adam Smith
B. David Ricardo
C. E . Heckscher
D. Bertil Ohlin
2 Credit (+) items in the balance of payments correspond to anything that.
A. Involves receipts from foreigners
B. Involves payments to foreigners
C. Increases the domestic money supply
D. Decrease the demand for foreign exchange
3 Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
A. Higher than
B. Equal to
C. Lower than
D. There is no general pattern
4 The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is.
A. Freely fluctuating exchange rates
B. Adjustable pegged exchange rates
C. Managed floating exchange rate.
D. Pegged or fixed exchange rates
5 A tax of 17 percent per imported item would be an example of a
A. Ad valorem tariff
B. Specific tariff
C. effective tariff
D. Compound tariff
6 Import quotas tend to result in all of the following except.
A. Domestic producers of the imported good being harmed
B. Domestic consumers of the imported good being harmed
C. Prices increasing in the importing country
D. Price failing in the exporting country.
7 Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no lorger manufacture the product.
A. Theory of factor endearments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.
8 The movement to free international trade is most likely to generate short term unemployment in which industries'.
A. Industries in which there are neither imports nor exports
B. Import competing industries.
C. Industries that sell to domestic and foreign buyers
D. Industries that sell to only foreign buyers
9 The balance of trade can only worsen if income________ relative to absorption
A. Increases
B. Decreases
C. Adjustment mechanism
D. Currency contract period
10 A _________ is a regional trading block in which member countries eliminate intercanal trade barriers but maintain existing barriers against countries that are not members.
A. Free trade area
B. Customs union
C. Common market
D. Monetary union

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