11th Principle of Economics Chapter 12 Test

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

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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. 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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Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test 130 Download PDF MCQ Answers Launch Test
1 Principles of Economics Icom Part 1 English Medium Online Test 977 Download PDF MCQ Answers Launch Test
2 Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test 68 Download PDF MCQ Answers Launch Test
3 Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test 194 Download PDF MCQ Answers Launch Test
4 Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test 46 Download PDF MCQ Answers Launch Test
5 Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test 50 Download PDF MCQ Answers Launch Test
6 Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test 64 Download PDF MCQ Answers Launch Test
7 Principles of Economics Icom Part 1 English Medium Chapter 7 Online Test 49 Download PDF MCQ Answers Launch Test
8 Principles of Economics Icom Part 1 English Medium Chapter 8 Online Test 36 Download PDF MCQ Answers Launch Test
9 Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test 67 Download PDF MCQ Answers Launch Test
10 Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test 85 Download PDF MCQ Answers Launch Test
11 Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test 46 Download PDF MCQ Answers Launch Test
12 Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test 66 Download PDF MCQ Answers Launch Test
13 Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test 76 Download PDF MCQ Answers Launch Test

Here you can prepare 11th Principle of Economics English Medium Chapter 12 International Trade Test. Click the button for 100% free full practice test.

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  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Principles of Economics Icom Part 1 English Medium Chapter 12 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Because of devaluation of currency of a country, its exports Decrease Increase Remains constant Go on changing
2 Which one of the following is included in balance of trade Visible goods Invisible goods Visible & invisible goods All the three
3 " International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by Prof. Marshal Prof.Samuelson Prof. Ricardo Prof. Hicks
4 Cheque is which kind of money: Credit money Paper money Standard money Legal money
5 Quantity theory of money was introduced in an equation by: Fisher Marshall Crowther Tausigg
6 Absolute advantage theory was presented by Adam Smith Prof Walker Ricardo Marshall
7 According to classical theory of international trade, a country imports those goods from the other country which Are durable Are standardised Are produced comparatively at high cost Are not produced in that country
8 One of the following is not included in the causes of deficit in balance of payments of a country Increase in exports Increase in imports Unfavourable terms of trade Occurance of inflation
9 If the face value of a coin is equal to the value of metal used in: Legal money Token money Standard money Both b and c
10 The exchange of goods and services from country to country is called Foreign National trade Corporate trade Domestic trade