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

What can be the other name of comparative cost theory.

  • Ans 1: General theory of international trade.
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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

What can be the other name of comparative cost theory.

  • Ans 1: General theory of international trade.
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ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 2

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 3

Question # 1

Write four causes of deficit balance of payment sof a country.

  • Ans 1: 1- Decreasein exports 2- Increase in imports 3- Inflation
  • Ans 2: 4- Unfavourable terms of trade
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ICom Part 2 Principles of Economics Chapter 5 Short Questions Preparation - Set 4

Question # 1

What is meant by balance of trade.

  • Ans 1: The sytematic record of the money value of visible imports and visible exports of a country in one year is called balance of trade.
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12th Principles of Economics Chapter 5 Preparation