| 1 |
Foreign exchange is used in |
- A. Local trade
- B. Regional trade
- C. Domestic trade
- D. International trade
|
| 2 |
In balance of payment are included |
- A. Visible items
- B. Invisible items
- C. Visible and invisible items
- D. Material items
|
| 3 |
" International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by |
- A. Prof. Marshal
- B. Prof.Samuelson
- C. Prof. Ricardo
- D. Prof. Hicks
|
| 4 |
Difficulties in barter system: |
- A. Lack of double coincidence of wants
- B. Lack of storing value
- C. Lack of common measure of value
- D. All of these
|
| 5 |
If currency can converted into gold, it is called: |
- A. Convertible paper money
- B. Inconvertible paper money
- C. Bank Money
- D. Both a and b
|
| 6 |
One of the following is invisible item of balance of payment |
- A. Import of motor cars
- B. Exports of cotton
- C. Expenditure of passengers traveling by air
- D. Private investment in foreign country
|
| 7 |
In case of international trade, trade restrictions are usually |
- A. Limited
- B. More
- C. Too much
- D. None of three
|
| 8 |
The exchange of goods and services from country to country is called |
- A. Foreign
- B. National trade
- C. Corporate trade
- D. Domestic trade
|
| 9 |
The relation between quantity of money and price is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 10 |
The trade that takes place between the inhabitants of two countries is called |
- A. Domestic trade
- B. International trade
- C. National trade
- D. Regional Trade
|
