8th Chapter

12th Economics Chapter 8 Test

Here you can prepare 12th Economics English Medium Chapter 8 International Trade Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 8 Online MCQ Test for 12th Class Economics Chapter 8 (International Trade)

This online test contains MCQs about following topics:

. Difference between domestic and foreign trade, Advantages of international trade, Classical theory of international trade, Free trade and protection, Balance of trade vs balance of payments, foreign exchange rate, Fixed and floating exchage, Globalization MNCs, TNCs, WTO, Graphic explanation of trade theory.

ICS Part 2 Economics Ch. 8 Test
ic

2nd Year Economics Chapter 8 Online MCQ Test for 12th Class Economics Chapter 8 (International Trade)

Sr. # Questions Answers Choice
1 Visible goods are recorded int his part of balance of payments account
  • A. Current account
  • B. Capital account
  • C. Govt account
  • D. Official Account
2 IMF has given loan to Pakistan. It wilimprove Pakistan's
  • A. Current account
  • B. Capital Account
  • C. Overall balance of payments
  • D. B and c above
3 Visible imports include.
  • A. Remittance
  • B. Machinery
  • C. Computer Software
  • D. Transport cost
4 Visible exports include
  • A. Remittance
  • B. Computer Hardware
  • C. Computer software
  • D. Transport cost
5 Which of the following compares everage pricw of exports to avarage Price of imports.
  • A. Balance of payments
  • B. Balance of trade
  • C. Terms of trade
  • D. Exchange of rate
6 Flxible exchange rate sytem has the advantage.
  • A. Automatic adjustment of balcne of payments
  • B. Easy to borrow form world bank
  • C. Encouragds exports
  • D. None of the above
7 IMF Means
  • A. International Monetary Funds
  • B. Inernational Money Flow
  • C. International Money Forum
  • D. Internaional Monetary finance
8 In GNP of pakistan rises. It will encourage
  • A. Exports
  • B. Imports
  • C. Both
  • D. None
9 It helps countries to meet deficit in balcne of payments.
  • A. IMF
  • B. WTO
  • C. World Bank
  • D. UNO
10 The receipt of payments for goods exported and imported are counted in .
  • A. Capital Account
  • B. Trade Account
  • C. Current account
  • D. Monetary account

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