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

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

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ICS Part 2 Economics English Medium Chapter 7 Online Test

00:00
Question # 1

Pakistan Importss some goods and exports other goods primarily because of.

Question # 2

Ric countries have deficit in their balance of payments

Question # 3

Policy of Protecton in trade

Question # 4

A Triff

Question # 5

Theory of omparative advantages was presented.

Question # 6

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

Question # 7

Foreign Trade are

Question # 8

International trade and domestic trade fiffer because of.

Question # 9

What would encorage trade betwene two countries.

Question # 10

Net exports equal

Question # 11

Govt policy about exports and imports is called.

Question # 12

Pakistan is not a memebr of

Question # 13

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

Question # 14

Foreign Trade

Question # 15

Two countries can gain from foreign trade if

Question # 16

Which of the following is international trade

Question # 17

What would encourage trade betwene two countries.

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ICS Part 2 Economics English Medium Chapter 7 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Policy of Protecton in trade
A. Facilitates trade
B. Protects local producers
C. Protects foreign producers
D. Protects exporters
2 Net exports equal
A. Exports x imports
B. Exports + imports
C. exports- imports
D. None of the above
3 Foreign Trade
A. Increses employment opportunites
B. Increases international mobility of labour
C. Increases competition
D. All of the above
4 Pakistan is not a memebr of
A. IMF
B. ECO
C. OPEC
D. World Bank
5 Which of the following is international trade
A. Trade between provinces
B. Trade between countries
C. Trade betwene regions
D. Trade between continents
6 It Japan and Pakistan start free trade differene in wges in two counties will
A. Increase
B. Decrease
C. Double
D. No effect
7 Trade between two countries can be useful if cost ratios of goods are.
A. Equal
B. Different
C. Undertimed
D. Decreasing
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 Govt policy about exports and imports is called.
A. Monetary policy
B. Fiscal policy
C. Commercial Policy
D. Finance policy
10 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

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