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

Question # 1

It helps countries to meet deficit in balcne of payments.

IMF A
WTO B
World Bank C
UNO D

Question # 2

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

Fixed exchange A
flexible B
Constatn C
Regulated D

Question # 3

Final balance of the payment of a country is

Always balance A
Always dificit B
Always surplus C
Flucluates D

Question # 4

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

Current account A
Capital Account B
Overall balance of payments C
B and c above D

Question # 5

IMF Means

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

Question # 6

Balance of payments of country includes.

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

Question # 7

In GNP of pakistan rises. It will encourage

Exports A
Imports B
Both C
None D

Question # 8

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 # 9

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

Open A
Closed B
Independent C
None D

Question # 10

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

Capital account A
Visible balnce B
Invisible balnce C
Official financing D

Question # 11

Visible exports include

Remittance A
Computer Hardware B
Computer software C
Transport cost D

Question # 12

Exports of goods is called trade in

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

Question # 13

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 # 14

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

Question # 15

Balance of payment of a country has major parts.

2 A
3 B
4 C
5 D

Question # 16

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 # 17

Visible imports include.

Remittance A
Machinery B
Computer Software C
Transport cost D

Sr.#	Question	Answer
1	The receipt of payments for goods exported and imported are counted in .	A. Capital Account B. Trade Account C. Current account D. Monetary account
2	It helps countries to meet deficit in balcne of payments.	A. IMF B. WTO C. World Bank D. UNO
3	Invisible items in balce of payments include.	A. Foreign remittances B. Income from tourism C. Internet charges D. All the three
4	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
5	Pakistan exports as percentage GDP are.	A. 4% B. 8% C. 12% D. 16%
6	Balance of payment of a country has major parts.	A. 2 B. 3 C. 4 D. 5
7	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
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	Final balance of the payment of a country is	A. Always balance B. Always dificit C. Always surplus D. Flucluates
10	IMF Means	A. International Monetary Funds B. Inernational Money Flow C. International Money Forum D. Internaional Monetary finance

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ICS Part 2 Economics English Medium Chapter 8 Online Test

It helps countries to meet deficit in balcne of payments.

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

Final balance of the payment of a country is

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

IMF Means

Balance of payments of country includes.

In GNP of pakistan rises. It will encourage

Flxible exchange rate sytem has the advantage.

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

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

Visible exports include

Exports of goods is called trade in

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

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

Balance of payment of a country has major parts.

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

Visible imports include.

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