12th Class Principles of Economics Chapter 7 Test

12th class I.Com Part 2 Principles of Economics chapter 7 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 7 Test

Start Chapter 7 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 7 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 Policy of Protecton in trade
  • A. Facilitates trade
  • B. Protects local producers
  • C. Protects foreign producers
  • D. Protects exporters
2 Trade between two countries can be useful if cost ratios of goods are.
  • A. Equal
  • B. Different
  • C. Undertimed
  • D. Decreasing
3 All are advantages of oreign trade Except.
  • A. People get foreign exchange
  • B. Difference in politicla system
  • C. Difference in markets
  • D. Difference in ideology
4 It Japan and Pakistan start free trade differene in wges in two counties will
  • A. Increase
  • B. Decrease
  • C. Double
  • D. No effect
5 Net exports equal
  • A. Exports x imports
  • B. Exports + imports
  • C. exports- imports
  • D. None of the above
6 Foreign Trade are
  • A. Benefits developed countries
  • B. Benefits underdeveloped countires
  • C. Benefits all countries
  • D. Benefits democretive countries
7 Theory of omparative advantages was presented.
  • A. Ricardo
  • B. Adam Smith
  • C. Hicks
  • D. Arshad
8 Pakistan Importss some goods and exports other goods primarily because of.
  • A. Free goods
  • B. Comparative advantage
  • C. Unemployment
  • D. Self Sufficiency
9 Ric countries have deficit in their balance of payments
  • A. Some times
  • B. Never
  • C. Atternatee years
  • D. Always
10 What would encourage trade betwene two countries.
  • A. Different tax system
  • B. Frontier checks
  • C. National currencies
  • D. Reduce traiff

Chapterwise Lists

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