ICS Part 2 Economics English Medium Chapter 8 Online Test With Answers

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ICS Part 2 Economics English Medium Chapter 8 Online Test

Sr. # Questions Answers Choice
1 If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section. Capital account Visible balance Invisible balance Offiicial financing
2 IMF has given loan to Pakistan. It wilimprove Pakistan's Current account Capital Account Overall balance of payments B and c above
3 The receipt of payments for goods exported and imported are counted in . Capital Account Trade Account Current account Monetary account
4 Visible imports include. Remittance Machinery Computer Software Transport cost
5 Visible exports include Remittance Computer Hardware Computer software Transport cost
6 Visible goods are recorded int his part of balance of payments account Current account Capital account Govt account Official Account
7 Exports of goods is called trade in Visible good Invisibel goods Basic goods None real goods
8 Flxible exchange rate sytem has the advantage. Automatic adjustment of balcne of payments Easy to borrow form world bank Encouragds exports None of the above
9 IMF Means International Monetary Funds Inernational Money Flow International Money Forum Internaional Monetary finance
10 Which of the following compares everage pricw of exports to avarage Price of imports. Balance of payments Balance of trade Terms of trade Exchange of rate
11 If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section. Capital account Visible balnce Invisible balnce Official financing
12 Pakistan exports as percentage GDP are. 4% 8% 12% 16%
13 It helps countries to meet deficit in balcne of payments. IMF WTO World Bank UNO
14 Invisible items in balce of payments include. Foreign remittances Income from tourism Internet charges All the three
15 A country does not trade with othr contries is called an economy Open Closed Independent None
16 In GNP of pakistan rises. It will encourage Exports Imports Both None
17 Exchange rate for currencies is determined by supply and demand in system of. Fixed exchange flexible Constatn Regulated
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