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 "

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

Question # 1

What is meant by domestic trade.

  • Ans 1: The trade that takes place between teh iindivbiduals living in the same country is called domestic or national or internal trade.
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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 domestic trade.

  • Ans 1: The trade that takes place between teh iindivbiduals living in the same country is called domestic or national or internal trade.
Submit

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

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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ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 3

Question # 1

What is meant by visible goods.

  • Ans 1: Visile goods are the goods which can be seen and felt. For example table, chair wheat, cotton, refrigerator etc.
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ICS Part 2 Economics English Medium Chapter 5 Online Short Questions Test - Set 4

Question # 1

How many are components of capital account.

  • Ans 1: Three
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ICS Part 2 Economics Chapter 5 Test

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