ICS Part 2 Economics English Medium Chapter 5 Short Questions with Answers

Online Short Questions For Chapter 5 "ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test "

Try The Short Questions For ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test

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Economics - ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test

Question # 1

What is meant by deficit or unfavourable balance of payments.

  • Ans 1: If a country exports its visible and invisible goods of less value than the value of its imports of visible and invisible goods then, Its balance of payments willbe deficits or unfavourable.
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Prepare Complete Set Wise Questions For Chapter 5 "ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test "

ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 1

Question # 1

What is meant by deficit or unfavourable balance of payments.

  • Ans 1: If a country exports its visible and invisible goods of less value than the value of its imports of visible and invisible goods then, Its balance of payments willbe deficits or unfavourable.
Submit

ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 2

Question # 1

Write four main functions of WTO.

  • Ans 1: 1- It cooperates with different international organizations on matters related to trade.
  • Ans 2: 2- It is responsible to settle down trade disputes which may arise between the countries.
  • Ans 3: 3- It arranges training and provides technicla assistance to developing countries.
  • Ans 4: 4- It supervises the trade policies of its memebr counties.
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ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 3

Question # 1

Write four advantages of WTO.

  • Ans 1: 1- Peaceful solution of trade differences.
  • Ans 2: 2- Elimination of taxes oon transportation
  • Ans 3: 3- Guarantor of peace and Safety
  • Ans 4: 4- Cheap provision of Necessities of life.
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ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 4

Question # 1

Write four methods of removing deficit in balance of payment.

  • Ans 1: 1- Increase in export 2- Decrease in import
  • Ans 2: 3- Devaluation of currency 4- Decrease in the quantity of money
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ICS Part 2 Economics Chapter 5 Test

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