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

Question # 1

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 # 2

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 # 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

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 # 6

Pakistan exports as percentage GDP are.

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

Question # 7

IMF Means

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

Question # 8

In GNP of pakistan rises. It will encourage

Exports A
Imports B
Both C
None D

Question # 9

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 # 10

It helps countries to meet deficit in balcne of payments.

IMF A
WTO B
World Bank C
UNO D

Question # 11

Final balance of the payment of a country is

Always balance A
Always dificit B
Always surplus C
Flucluates D

Question # 12

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

Fixed exchange A
flexible B
Constatn C
Regulated D

Question # 13

Invisible items in balce of payments include.

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

Question # 14

Exports of goods is called trade in

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

Question # 15

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 # 16

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

Open A
Closed B
Independent C
None D

Question # 17

Balance of payments of country includes.

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

Sr.#	Question	Answer
1	Visible exports include	A. Remittance B. Computer Hardware C. Computer software D. Transport cost
2	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
3	If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.	A. Capital account B. Visible balance C. Invisible balance D. Offiicial financing
4	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
5	A country does not trade with othr contries is called an economy	A. Open B. Closed C. Independent D. None
6	In GNP of pakistan rises. It will encourage	A. Exports B. Imports C. Both D. None
7	Visible imports include.	A. Remittance B. Machinery C. Computer Software D. Transport cost
8	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
9	IMF Means	A. International Monetary Funds B. Inernational Money Flow C. International Money Forum D. Internaional Monetary finance
10	Final balance of the payment of a country is	A. Always balance B. Always dificit C. Always surplus D. Flucluates

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

Flxible exchange rate sytem has the advantage.

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

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

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

Pakistan exports as percentage GDP are.

IMF Means

In GNP of pakistan rises. It will encourage

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

It helps countries to meet deficit in balcne of payments.

Final balance of the payment of a country is

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

Invisible items in balce of payments include.

Exports of goods is called trade in

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

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

Balance of payments of country includes.

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