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 What would encorage trade betwene two countries.
  • A. Reduced tariffs
  • B. Quality control
  • C. Differente tax system
  • D. Fixing import quotes
3 Foreign Trade
  • A. Increses employment opportunites
  • B. Increases international mobility of labour
  • C. Increases competition
  • D. All of the above
4 Foregn trade creates among countries.
  • A. Conficits
  • B. Cooperation
  • C. Hatred
  • D. None
5 Trade between two countries can be useful if cost ratios of goods are.
  • A. Equal
  • B. Different
  • C. Undertimed
  • D. Decreasing
6 Foreign Trade are
  • A. Benefits developed countries
  • B. Benefits underdeveloped countires
  • C. Benefits all countries
  • D. Benefits democretive countries
7 Pakistan is not a memebr of
  • A. IMF
  • B. ECO
  • C. OPEC
  • D. World Bank
8 Govt policy about exports and imports is called.
  • A. Monetary policy
  • B. Fiscal policy
  • C. Commercial Policy
  • D. Finance policy
9 It Japan and Pakistan start free trade differene in wges in two counties will
  • A. Increase
  • B. Decrease
  • C. Double
  • D. No effect
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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