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 IMF Means
  • A. International Monetary Funds
  • B. Inernational Money Flow
  • C. International Money Forum
  • D. Internaional Monetary finance
2 Balance of payment of a country has major parts.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
3 Exports of goods is called trade in
  • A. Visible good
  • B. Invisibel goods
  • C. Basic goods
  • D. None real goods
4 The receipt of payments for goods exported and imported are counted in .
  • A. Capital Account
  • B. Trade Account
  • C. Current account
  • D. Monetary account
5 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
6 Final balance of the payment of a country is
  • A. Always balance
  • B. Always dificit
  • C. Always surplus
  • D. Flucluates
7 It helps countries to meet deficit in balcne of payments.
  • A. IMF
  • B. WTO
  • C. World Bank
  • D. UNO
8 Exchange rate for currencies is determined by supply and demand in system of.
  • A. Fixed exchange
  • B. flexible
  • C. Constatn
  • D. Regulated
9 Visible exports include
  • A. Remittance
  • B. Computer Hardware
  • C. Computer software
  • D. Transport cost
10 Invisible items in balce of payments include.
  • A. Foreign remittances
  • B. Income from tourism
  • C. Internet charges
  • D. All the three

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