1 |
Which economist explained the absolute difference of cost of two good between two countries |
- A. Malthus
- B. Adam Smith
- C. Ricardo
- D. J.S Mill
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2 |
Advantages of international trade are |
- A. One
- B. Two
- C. Three
- D. Many
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3 |
Balance of visible goods of a country mean |
- A. Quantity of imports & exports
- B. Value of imports & exports
- C. Value of imported & exported goods and services
- D. Value of imported & exported services
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4 |
Balance of payment of a country in unfavourable when its |
- A. Receipts are more than payments
- B. Receipts are less than payments
- C. Receipts are equal to payments
- D. None of three
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5 |
If the face value of a coin is greater than the value of metal used in: |
- A. Legal money
- B. Token money
- C. Standard money
- D. Both b and c
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6 |
The relation between quantity of money and value of money is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
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7 |
Quantity theory of money was introduced by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. J.S Mill
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8 |
The systematic record of the money value of visible exports and visible imports of one year of country is called |
- A. Balance of trade
- B. Balance of payment
- C. International balance
- D. External balance
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9 |
International Monetary fund is |
- A. Local
- B. Regional
- C. National
- D. International
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10 |
Balance of payment of a country is balanced when its |
- A. Receipts are more than payments
- B. Receipts are less than payments
- C. Receipts are equal to payments
- D. None of three
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