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

Question # 1

IMF Means

International Monetary Funds A
Inernational Money Flow B
International Money Forum C
Internaional Monetary finance D

Question # 2

Final balance of the payment of a country is

Always balance A
Always dificit B
Always surplus C
Flucluates D

Question # 3

A country does not trade with othr contries is called an economy

Open A
Closed B
Independent C
None D

Question # 4

In GNP of pakistan rises. It will encourage

Exports A
Imports B
Both C
None D

Question # 5

Exports of goods is called trade in

Visible good A
Invisibel goods B
Basic goods C
None real goods D

Question # 6

Visible imports include.

Remittance A
Machinery B
Computer Software C
Transport cost D

Question # 7

Which of the following compares everage pricw of exports to avarage Price of imports.

Balance of payments A
Balance of trade B
Terms of trade C
Exchange of rate D

Question # 8

Visible goods are recorded int his part of balance of payments account

Current account A
Capital account B
Govt account C
Official Account D

Question # 9

Invisible items in balce of payments include.

Foreign remittances A
Income from tourism B
Internet charges C
All the three D

Question # 10

Balance of payment of a country has major parts.

2 A
3 B
4 C
5 D

Question # 11

Visible exports include

Remittance A
Computer Hardware B
Computer software C
Transport cost D

Question # 12

Exchange rate for currencies is determined by supply and demand in system of.

Fixed exchange A
flexible B
Constatn C
Regulated D

Question # 13

It helps countries to meet deficit in balcne of payments.

IMF A
WTO B
World Bank C
UNO D

Question # 14

Flxible exchange rate sytem has the advantage.

Automatic adjustment of balcne of payments A
Easy to borrow form world bank B
Encouragds exports C
None of the above D

Question # 15

The receipt of payments for goods exported and imported are counted in .

Capital Account A
Trade Account B
Current account C
Monetary account D

Question # 16

Balance of payments of country includes.

Current account A
Monetry Account B
Capital Account C
All of the above D

Question # 17

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

Capital account A
Visible balance B
Invisible balance C
Offiicial financing D

Sr.#	Question	Answer
1	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
2	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
3	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
4	Pakistan exports as percentage GDP are.	A. 4% B. 8% C. 12% D. 16%
5	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
6	The receipt of payments for goods exported and imported are counted in .	A. Capital Account B. Trade Account C. Current account D. Monetary account
7	Visible imports include.	A. Remittance B. Machinery C. Computer Software D. Transport cost
8	Final balance of the payment of a country is	A. Always balance B. Always dificit C. Always surplus D. Flucluates
9	Exchange rate for currencies is determined by supply and demand in system of.	A. Fixed exchange B. flexible C. Constatn D. Regulated
10	Exports of goods is called trade in	A. Visible good B. Invisibel goods C. Basic goods D. None real goods

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

ICS Part 2 Economics English Medium Chapter 8 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 8 Online Test"

ICS Part 2 Economics English Medium Chapter 8 Online Test

IMF Means

Final balance of the payment of a country is

A country does not trade with othr contries is called an economy

In GNP of pakistan rises. It will encourage

Exports of goods is called trade in

Visible imports include.

Which of the following compares everage pricw of exports to avarage Price of imports.

Visible goods are recorded int his part of balance of payments account

Invisible items in balce of payments include.

Balance of payment of a country has major parts.

Visible exports include

Exchange rate for currencies is determined by supply and demand in system of.

It helps countries to meet deficit in balcne of payments.

Flxible exchange rate sytem has the advantage.

The receipt of payments for goods exported and imported are counted in .

Balance of payments of country includes.

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

ICS Part 2 Economics English Medium Chapter 8 Test

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

ICS Part II Economics Chapter 0 Important MCQ's

Test Questions

Is this page helpful?