ICOM Part 1 Principles of Economics English Medium Chapter 14 Short Questions Preparation


11th Class Principles of Economics
Chapter 14

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 14 "ICOM Part 1 Economics English Medium Chapter 14 Short Questions Preparation "

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  • Total Questions10

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 14 Short Questions Preparation

Question # 1

What is surplus or favorable balance of payments ?

  • Ans 1: If the net value of exports of both visible and invisible goods exceeds their imports, it is known as favorable balance of payment.
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Prepare Complete Set Wise Questions For Chapter 14 "ICOM Part 1 Economics English Medium Chapter 14 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 14 Short Questions Preparation - Set 1

Question # 1

What is surplus or favorable balance of payments ?

  • Ans 1: If the net value of exports of both visible and invisible goods exceeds their imports, it is known as favorable balance of payment.
Submit

ICOM Part 1 Economics English Medium Chapter 14 Short Questions Preparation - Set 2

Question # 1

What is terms of trade ?

  • Ans 1: The ratio between export prices to import prices is known as terms of trade.
    TOT = Export prices / import prices
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11th Class Principles of Economics Chapter 14 Preparation

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