12th class Economics chapter 8 online mcq test with answers for ICS part 2 Economics chapter 8 (International Trade)

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Visible imports include.	A. Remittance B. Machinery C. Computer Software D. Transport cost
2	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
3	Exports of goods is called trade in	A. Visible good B. Invisibel goods C. Basic goods D. None real goods
4	If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.	A. Capital account B. Visible balance C. Invisible balance D. Offiicial financing
5	A country does not trade with othr contries is called an economy	A. Open B. Closed C. Independent D. None
6	Final balance of the payment of a country is	A. Always balance B. Always dificit C. Always surplus D. Flucluates
7	Balance of payments of country includes.	A. Current account B. Monetry Account C. Capital Account D. All of the above
8	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
9	If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.	A. Capital account B. Visible balnce C. Invisible balnce D. Official financing
10	Invisible items in balce of payments include.	A. Foreign remittances B. Income from tourism C. Internet charges D. All the three