First Year Principles of Economics Chapter 12 Online MCQ Test for 1st Year Principles of Economics Chapter 12 (International Trade)

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11th Principle of Economics Chapter 12 Test

This online test contains MCQs about following topics:

Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test

Try the Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test

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Question # 1

Comparative cost theory was presented by

Question # 2

The record of visible and invisible items on international account is called

Question # 3

Cheque is which kind of money:

Question # 4

Balance of payment of a country is favourable when its

Question # 5

When general price level increases due to increase in cost of production, it is known as ?

Question # 6

In which year international monetary fund was established

Question # 7

Advantages of international trade are

Question # 8

One of the following is not included in the causes of deficit in balance of payments of a country

Question # 9

According to classical theory of international trade, a country imports those goods from the other country which

Question # 10

Foreign exchange is used in

Question # 11

Money which can be converted into cash money is known is:

Question # 12

Quantity theory of money was introduced in an equation by:

Question # 13

Which economist has stated the definition of balance of payments

Question # 14

The base of international trade theory of Devid Ricardo is

Question # 15

A system where the goods are exchanged with money is known as:

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Prepare All Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test MCQs With Answers


. Meaning of international trade . Differnce in international trade and national trade . Importance of international trade . Adam Simth's theory o fabsolute advantage . Assumptions of theory . Criticism of theory . Causes of deficit in balance of payments

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