12th class Economics chapter 7 online mcq test with answers for ICS part 2 Economics chapter 7 (Public Finance)

Question # 1

Pakistan is not a memebr of

IMF A
ECO B
OPEC C
World Bank D

Question # 2

What would encourage trade betwene two countries.

Different tax system A
Frontier checks B
National currencies C
Reduce traiff D

Question # 3

Foreign Trade are

Benefits developed countries A
Benefits underdeveloped countires B
Benefits all countries C
Benefits democretive countries D

Question # 4

Trade between two countries can be useful if cost ratios of goods are.

Equal A
Different B
Undertimed C
Decreasing D

Question # 5

Theory of omparative advantages was presented.

Ricardo A
Adam Smith B
Hicks C
Arshad D

Question # 6

All are advantages of oreign trade Except.

People get foreign exchange A
Difference in politicla system B
Difference in markets C
Difference in ideology D

Question # 7

International trade and domestic trade fiffer because of.

Trade restrictions A
Immobility of factors B
Difference govt Policy C
All of the above D

Question # 8

Foreign Trade

Increses employment opportunites A
Increases international mobility of labour B
Increases competition C
All of the above D

Question # 9

Net exports equal

Exports x imports A
Exports + imports B
exports- imports C
None of the above D

Question # 10

Policy of Protecton in trade

Facilitates trade A
Protects local producers B
Protects foreign producers C
Protects exporters D

Question # 11

Ric countries have deficit in their balance of payments

Some times A
Never B
Atternatee years C
Always D

Question # 12

Govt policy about exports and imports is called.

Monetary policy A
Fiscal policy B
Commercial Policy C
Finance policy D

Question # 13

Which of the following is international trade

Trade between provinces A
Trade between countries B
Trade betwene regions C
Trade between continents D

Question # 14

It Japan and Pakistan start free trade differene in wges in two counties will

Increase A
Decrease B
Double C
No effect D

Question # 15

Two countries can gain from foreign trade if

Cost ratios are differnet A
Traiff rates are different B
Price ratios are different C
a and c above D

Question # 16

What would encorage trade betwene two countries.

Reduced tariffs A
Quality control B
Differente tax system C
Fixing import quotes D

Question # 17

In foreign trde protection policy means.

Restrictions on imports A
Restrictions on exports B
Restriction on transfer of foreign exchagne C
All of the above D

Sr.#	Question	Answer
1	Foreign Trade are	A. Benefits developed countries B. Benefits underdeveloped countires C. Benefits all countries D. Benefits democretive countries
2	It Japan and Pakistan start free trade differene in wges in two counties will	A. Increase B. Decrease C. Double D. No effect
3	Two countries can gain from foreign trade if	A. Cost ratios are differnet B. Traiff rates are different C. Price ratios are different D. a and c above
4	Govt policy about exports and imports is called.	A. Monetary policy B. Fiscal policy C. Commercial Policy D. Finance policy
5	In foreign trde protection policy means.	A. Restrictions on imports B. Restrictions on exports C. Restriction on transfer of foreign exchagne D. All of the above
6	International trade and domestic trade fiffer because of.	A. Trade restrictions B. Immobility of factors C. Difference govt Policy D. All of the above
7	Foreign Trade	A. Increses employment opportunites B. Increases international mobility of labour C. Increases competition D. All of the above
8	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
9	Foregn trade creates among countries.	A. Conficits B. Cooperation C. Hatred D. None
10	Net exports equal	A. Exports x imports B. Exports + imports C. exports- imports D. None of the above

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

2nd Year Economics Chapter 7 Online MCQ Test for 12th Class Economics Chapter 7 (Public Finance)

ICS Part 2 Economics English Medium Chapter 7 Test

ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test"

ICS Part 2 Economics English Medium Chapter 7 Online Test

Pakistan is not a memebr of

What would encourage trade betwene two countries.

Foreign Trade are

Trade between two countries can be useful if cost ratios of goods are.

Theory of omparative advantages was presented.

All are advantages of oreign trade Except.

International trade and domestic trade fiffer because of.

Foreign Trade

Net exports equal

Policy of Protecton in trade

Ric countries have deficit in their balance of payments

Govt policy about exports and imports is called.

Which of the following is international trade

It Japan and Pakistan start free trade differene in wges in two counties will

Two countries can gain from foreign trade if

What would encorage trade betwene two countries.

In foreign trde protection policy means.

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

ICS Part 2 Economics English Medium Chapter 7 Test

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test" MCQ`s Test

ICS Part II Economics Chapter 0 Important MCQ's

Test Questions

Is this page helpful?