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

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Question # 1

IMF Means

Question # 2

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

Question # 3

Balance of payments of country includes.

Question # 4

In GNP of pakistan rises. It will encourage

Question # 5

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

Question # 6

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

Question # 7

Visible imports include.

Question # 8

Visible exports include

Question # 9

Balance of payment of a country has major parts.

Question # 10

Flxible exchange rate sytem has the advantage.

Question # 11

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

Question # 12

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

Question # 13

Exports of goods is called trade in

Question # 14

It helps countries to meet deficit in balcne of payments.

Question # 15

Pakistan exports as percentage GDP are.

Question # 16

IMF has given loan to Pakistan. It wilimprove Pakistan's

Question # 17

Final balance of the payment of a country is

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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 Invisible items in balce of payments include.
A. Foreign remittances
B. Income from tourism
C. Internet charges
D. All the three
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 Balance of payment of a country has major parts.
A. 2
B. 3
C. 4
D. 5
4 Exchange rate for currencies is determined by supply and demand in system of.
A. Fixed exchange
B. flexible
C. Constatn
D. Regulated
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 Final balance of the payment of a country is
A. Always balance
B. Always dificit
C. Always surplus
D. Flucluates
8 Visible exports include
A. Remittance
B. Computer Hardware
C. Computer software
D. Transport cost
9 Balance of payments of country includes.
A. Current account
B. Monetry Account
C. Capital Account
D. All of the above
10 A country does not trade with othr contries is called an economy
A. Open
B. Closed
C. Independent
D. None

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