| 1 |
Inflation can be controlled by: |
- A. Fiscal policy
- B. Monetary policy
- C. Trade policy
- D. Both a and b
|
| 2 |
Comparative cost theory was presented by |
- A. Marshall
- B. Ricardo
- C. Hecksher
- D. Ohlin
|
| 3 |
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
|
| 4 |
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
|
| 5 |
Which economist has stated the definition of balance of payments |
- A. Robbins
- B. Kindleberger
- C. Marshall
- D. Keynes
|
| 6 |
Which one of the following is included in balance of trade |
- A. Visible goods
- B. Invisible goods
- C. Visible & invisible goods
- D. All the three
|
| 7 |
" 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
|
| 8 |
Balance of payments is annual statistical record of |
- A. Visible goods
- B. Invisible goods
- C. Foreign loans
- D. Visible and invisible goods
|
| 9 |
Quantity theory of money was introduced by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. J.S Mill
|
| 10 |
When general price level increases due to increase in aggregate demand, it is known as? |
- A. Stagflation
- B. Hyper inflation
- C. Demand pull inflation
- D. Cost push inflation
|
