| 1 |
One of the following is not advantage of international trade |
- A. Provision of necessities of life
- B. Imperfections of market
- C. Provision of medicines & machinery
- D. Provision of necessities of defence
|
| 2 |
A system where the goods are exchange with goods is known as: |
- A. Monetary system
- B. Barter System
- C. Coins system
- D. Goods system
|
| 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 |
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
|
| 5 |
The trade that takes place between the individuals living in different areas of a country is called |
- A. Domestic trade
- B. International trade
- C. Foreign trade
- D. Regional Trade
|
| 6 |
The first great depression was appeared in: |
- A. 1934
- B. 1930
- C. 1932
- D. 1936
|
| 7 |
In which of the following condition theory of international trade is presented |
- A. Monopoly
- B. Duopoly
- C. Monopolistic competition
- D. Perfect competition
|
| 8 |
The relation between quantity of money and price is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 9 |
In which year international monetary fund was established |
- A. 1941
- B. 1944
- C. 1945
- D. 1947
|
| 10 |
In comparative cost or comparative advantage theory, ratio is |
- A. 1x1 one good one country
- B. 2x2 two goods two countries
- C. 1x2 one good two countries
- D. 2x1 two goods one country
|
