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

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test"

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ICS Part 2 Economics English Medium Chapter 8 Online Test

00:00
Question # 1

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

Question # 2

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

Question # 3

IMF Means

Question # 4

It helps countries to meet deficit in balcne of payments.

Question # 5

Balance of payment of a country has major parts.

Question # 6

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

Question # 7

Final balance of the payment of a country is

Question # 8

If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.

Question # 9

In GNP of pakistan rises. It will encourage

Question # 10

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

Question # 11

Visible imports include.

Question # 12

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

Question # 13

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

Question # 14

Visible exports include

Question # 15

Pakistan exports as percentage GDP are.

Question # 16

Exports of goods is called trade in

Question # 17

Invisible items in balce of payments include.

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ICS Part 2 Economics English Medium Chapter 8 Test

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ICS Part II Economics Chapter 0 Important MCQ's

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 A country does not trade with othr contries is called an economy
A. Open
B. Closed
C. Independent
D. None
3 Visible exports include
A. Remittance
B. Computer Hardware
C. Computer software
D. Transport cost
4 IMF Means
A. International Monetary Funds
B. Inernational Money Flow
C. International Money Forum
D. Internaional Monetary finance
5 Balance of payments of country includes.
A. Current account
B. Monetry Account
C. Capital Account
D. All of the above
6 Visible goods are recorded int his part of balance of payments account
A. Current account
B. Capital account
C. Govt account
D. Official Account
7 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
8 Balance of payment of a country has major parts.
A. 2
B. 3
C. 4
D. 5
9 Pakistan exports as percentage GDP are.
A. 4%
B. 8%
C. 12%
D. 16%
10 It helps countries to meet deficit in balcne of payments.
A. IMF
B. WTO
C. World Bank
D. UNO

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