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

Question # 1

Foreign Trade

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

Pakistan is not a memebr of

IMF A
ECO B
OPEC C
World Bank D

Question # 4

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 # 5

Net exports equal

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

Question # 6

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

Equal A
Different B
Undertimed C
Decreasing D

Question # 7

Theory of omparative advantages was presented.

Ricardo A
Adam Smith B
Hicks C
Arshad D

Question # 8

What would encorage trade betwene two countries.

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

Question # 9

Foregn trade creates among countries.

Conficits A
Cooperation B
Hatred C
None D

Question # 10

A Triff

Increase the volume trade A
Reduces the volume of trade B
Has no effect on volume of tradea C
a and c above D

Question # 11

Foreign Trade are

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

Question # 12

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

Free goods A
Comparative advantage B
Unemployment C
Self Sufficiency D

Question # 13

Govt policy about exports and imports is called.

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

Question # 14

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

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

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 # 17

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

Increase A
Decrease B
Double C
No effect D

Sr.#	Question	Answer
1	International trade and domestic trade fiffer because of.	A. Trade restrictions B. Immobility of factors C. Difference govt Policy D. All of the above
2	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
3	Theory of omparative advantages was presented.	A. Ricardo B. Adam Smith C. Hicks D. Arshad
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	Foreign Trade are	A. Benefits developed countries B. Benefits underdeveloped countires C. Benefits all countries D. Benefits democretive countries
7	Foregn trade creates among countries.	A. Conficits B. Cooperation C. Hatred D. None
8	What would encourage trade betwene two countries.	A. Different tax system B. Frontier checks C. National currencies D. Reduce traiff
9	Govt policy about exports and imports is called.	A. Monetary policy B. Fiscal policy C. Commercial Policy D. Finance policy
10	A Triff	A. Increase the volume trade B. Reduces the volume of trade C. Has no effect on volume of tradea D. a and c 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

Foreign Trade

What would encourage trade betwene two countries.

Pakistan is not a memebr of

All are advantages of oreign trade Except.

Net exports equal

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

Theory of omparative advantages was presented.

What would encorage trade betwene two countries.

Foregn trade creates among countries.

A Triff

Foreign Trade are

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

Govt policy about exports and imports is called.

In foreign trde protection policy means.

Two countries can gain from foreign trade if

International trade and domestic trade fiffer because of.

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

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?