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

Question # 1

Final balance of the payment of a country is

Always balance A
Always dificit B
Always surplus C
Flucluates D

Question # 2

Visible imports include.

Remittance A
Machinery B
Computer Software C
Transport cost D

Question # 3

In GNP of pakistan rises. It will encourage

Exports A
Imports B
Both C
None D

Question # 4

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 # 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

It helps countries to meet deficit in balcne of payments.

IMF A
WTO B
World Bank C
UNO D

Question # 7

Exports of goods is called trade in

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

Question # 8

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

Open A
Closed B
Independent C
None D

Question # 9

Invisible items in balce of payments include.

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

Question # 10

IMF Means

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

Question # 11

Balance of payments of country includes.

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

Question # 12

Pakistan exports as percentage GDP are.

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

Question # 13

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 # 14

Balance of payment of a country has major parts.

2 A
3 B
4 C
5 D

Question # 15

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 # 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

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

Sr.#	Question	Answer
1	Balance of payments of country includes.	A. Current account B. Monetry Account C. Capital Account D. All of the above
2	Visible exports include	A. Remittance B. Computer Hardware C. Computer software D. Transport cost
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	In GNP of pakistan rises. It will encourage	A. Exports B. Imports C. Both D. None
5	Exports of goods is called trade in	A. Visible good B. Invisibel goods C. Basic goods D. None real goods
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	It helps countries to meet deficit in balcne of payments.	A. IMF B. WTO C. World Bank D. UNO
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	IMF Means	A. International Monetary Funds B. Inernational Money Flow C. International Money Forum D. Internaional Monetary finance
10	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

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test"

ICS Part 2 Economics English Medium Chapter 8 Online Test

Final balance of the payment of a country is

Visible imports include.

In GNP of pakistan rises. It will encourage

Flxible exchange rate sytem has the advantage.

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

It helps countries to meet deficit in balcne of payments.

Exports of goods is called trade in

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

Invisible items in balce of payments include.

IMF Means

Balance of payments of country includes.

Pakistan exports as percentage GDP are.

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

Balance of payment of a country has major parts.

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

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

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

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

ICS Part 2 Economics English Medium Chapter 8 Test

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 8 Online Test" MCQ`s Test

ICS Part II Economics Chapter 0 Important MCQ's

Test Questions

Is this page helpful?

Share your comments & questions here