Question # 1

International Monetary fund is

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Local

Regional

National

International

According to comparative cost theory conditions ------------- in goods and labour market exist

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of monopoly

of duopoly

Monopolistic competition

of perfect competition

One of the following is not advantage of international trade

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Provision of necessities of life

Imperfections of market

Provision of medicines & machinery

Provision of necessities of defence

The most appropriate definition of money was given by:

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F.A.Walker

Keynes

Pigou

Crowther

Balance of payment of a country is favourable when its

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Receipts are more than payments

Receipts are less than payments

Receipts are equal to payments

None of three

One of the following is not disadvantage of international trade

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Dependence on production of limited goods

Supply of goods injurious to health

Bitter pill for political freedom

Development of civilization & culture

The record of visible and invisible items on international account is called

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Balance of payment

Balance of trade

Balance of budget

Capital account

Quantity theory of money was introduced in an equation by:

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Fisher

Marshall

Crowther

Tausigg

International trade is based on the following except

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Different factors of production are required for the production of different goods

Factors of production exist in different ratios in different countries

Factors of production are in abundant quantity in different countries

Factors of production are in limited quantity in different countries

The first great depression was appeared in:

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1934

1930

1932

1936

Balance of payment of a country is balanced when its

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Receipts are more than payments

Receipts are less than payments

Receipts are equal to payments

None of three

Quantity theory of money was criticized by:

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Marshall

Sameulson

Keynes

Both b and c

If the face value of a coin is equal to the value of metal used in:

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Legal money

Token money

Standard money

Both b and c

Recent international depression was appeared in:

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1936

1990

2005

2008

In which year international monetary fund was established

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1941

1944

1945

1947

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