I.Com part 2 Principles of Economics Chapter 5 Short Question Preparation

12th Class Principles of Economics
Chapter 5

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12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 5 "ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation "

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Economics - ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation

Question # 1

Write a few disadvantages of international trade.

  • Ans 1: 1- Dependence on productionof limited goods.
  • Ans 2: 2- Dependence on other countries.
  • Ans 3: 3- International effects of inflation and deflation on the economy
  • Ans 4: 4- Loss to backward countries.
  • Ans 5: 5- Monopoly of developed countries on international market
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Prepare Complete Set Wise Questions For Chapter 5 "ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation "

ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 1

Question # 1

Write a few disadvantages of international trade.

  • Ans 1: 1- Dependence on productionof limited goods.
  • Ans 2: 2- Dependence on other countries.
  • Ans 3: 3- International effects of inflation and deflation on the economy
  • Ans 4: 4- Loss to backward countries.
  • Ans 5: 5- Monopoly of developed countries on international market
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ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 2

Question # 1

Difference between national and international trade.

  • Ans 1: The trade that takes place between the individuals living in the same country is caleld national or internal trade. Conversely, the trade that takes place among the individuals living in differen countries of the world is called internatioal or external trade
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ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 3

Question # 1

Write six advantages of intenational trade.

  • Ans 1: 1- Acquisition of foreign goods.
  • Ans 2: 2- Availability of goods in cse of shortage 3- Export of surplus production
  • Ans 3: 4- It causes international peace 5- Removal of monopolies
  • Ans 4: 6- Optimum use of productive resoruces.
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ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 4

Question # 1

When is balanc eof payment surplus.

  • Ans 1: Balance of payment is surplus when current account is surplus
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12th Principles of Economics Chapter 5 Preparation

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