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

Question # 1

Balance of payments of country includes.

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

Question # 2

IMF Means

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

Question # 3

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 # 4

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 # 5

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

Fixed exchange A
flexible B
Constatn C
Regulated D

Question # 6

Invisible items in balce of payments include.

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

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 # 9

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 # 10

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

Open A
Closed B
Independent C
None D

Question # 11

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 # 12

Visible exports include

Remittance A
Computer Hardware B
Computer software C
Transport cost D

Question # 13

Visible imports include.

Remittance A
Machinery B
Computer Software C
Transport cost D

Question # 14

Pakistan exports as percentage GDP are.

4% A
8% B
12% C
16% D

Question # 15

Final balance of the payment of a country is

Always balance A
Always dificit B
Always surplus C
Flucluates D

Question # 16

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 # 17

It helps countries to meet deficit in balcne of payments.

IMF A
WTO B
World Bank C
UNO D

Sr.#	Question	Answer
1	Pakistan exports as percentage GDP are.	A. 4% B. 8% C. 12% D. 16%
2	Final balance of the payment of a country is	A. Always balance B. Always dificit C. Always surplus D. Flucluates
3	Exports of goods is called trade in	A. Visible good B. Invisibel goods C. Basic goods D. None real goods
4	Visible exports include	A. Remittance B. Computer Hardware C. Computer software D. Transport cost
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	A country does not trade with othr contries is called an economy	A. Open B. Closed C. Independent D. None
7	Exchange rate for currencies is determined by supply and demand in system of.	A. Fixed exchange B. flexible C. Constatn D. Regulated
8	IMF Means	A. International Monetary Funds B. Inernational Money Flow C. International Money Forum D. Internaional Monetary finance
9	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
10	Visible imports include.	A. Remittance B. Machinery C. Computer Software D. Transport cost

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Balance of payments of country includes.

IMF Means

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

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

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

Invisible items in balce of payments include.

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

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

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

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

Flxible exchange rate sytem has the advantage.

Visible exports include

Visible imports include.

Pakistan exports as percentage GDP are.

Final balance of the payment of a country is

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

It helps countries to meet deficit in balcne of payments.

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