| 1 |
Foreign exchange is used in |
- A. Local trade
- B. Regional trade
- C. Domestic trade
- D. International trade
|
| 2 |
The most appropriate definition of money was given by: |
- A. F.A.Walker
- B. Keynes
- C. Pigou
- D. Crowther
|
| 3 |
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
|
| 4 |
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
|
| 5 |
Balance of payments is annual statistical record of |
- A. Visible goods
- B. Invisible goods
- C. Foreign loans
- D. Visible and invisible goods
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Quantity theory of money was criticized by: |
- A. Marshall
- B. Sameulson
- C. Keynes
- D. Both b and c
|
| 9 |
Quantity theory of money was introduced in an equation by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. Tausigg
|
| 10 |
Money which can be converted into cash money is known is: |
- A. Near money
- B. Paper money
- C. Legal tender money
- D. Token money
|
