| 1 |
Quantity theory of money was introduced by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. J.S Mill
|
| 2 |
In balance of payment are included |
- A. Visible items
- B. Invisible items
- C. Visible and invisible items
- D. Material items
|
| 3 |
Foreign exchange is used in |
- A. Local trade
- B. Regional trade
- C. Domestic trade
- D. International trade
|
| 4 |
A system where the goods are exchanged with money is known as: |
- A. Monetary system
- B. Barter system
- C. Coins system
- D. Modified system
|
| 5 |
In order to improve the balance of payment the foremost try is to increase |
- A. Imports
- B. Exports
- C. Production
- D. Savings
|
| 6 |
The trade transaction between the individuals of different areas of a country is called |
- A. Local trade
- B. Regional trade
- C. Domestic trade
- D. International trade
|
| 7 |
Which one of the following is included in balance of payment |
- A. Visible goods
- B. Invisible goods
- C. Visible & invisible goods
- D. Non material goods
|
| 8 |
According to comparative cost theory conditions ------------- in goods and labour market exist |
- A. of monopoly
- B. of duopoly
- C. Monopolistic competition
- D. of perfect competition
|
| 9 |
A system where the goods are exchange with goods is known as: |
- A. Monetary system
- B. Barter System
- C. Coins system
- D. Goods system
|
| 10 |
According to classical theory of international trade, a country imports those goods from the other country which |
- A. Are durable
- B. Are standardised
- C. Are produced comparatively at high cost
- D. Are not produced in that country
|
