Question # 1

A country does not trade with othr contries is called an economy

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Open

Closed

Independent

None

Exports of goods is called trade in

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Visible good

Invisibel goods

Basic goods

None real goods

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.

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Capital account

Visible balnce

Invisible balnce

Official financing

Visible imports include.

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Remittance

Machinery

Computer Software

Transport cost

Which of the following compares everage pricw of exports to avarage Price of imports.

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Balance of payments

Balance of trade

Terms of trade

Exchange of rate

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

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Capital account

Visible balance

Invisible balance

Offiicial financing

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

Visible exports include

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Remittance

Computer Hardware

Computer software

Transport cost

Balance of payments of country includes.

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Current account

Monetry Account

Capital Account

All of the above

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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test MCQs With Answers

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