11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	In between how many countries international trade takes place under comparative cost theory	Two Three Four Many
2	The trade transaction between the individuals of different areas of a country is called	Local trade Regional trade Domestic trade International trade
3	International Monetary fund is	Local Regional National International
4	In order to improve the balance of payment the foremost try is to increase	Imports Exports Production Savings
5	Because of devaluation of currency of a country, its exports	Decrease Increase Remains constant Go on changing
6	Foreign exchange is used in	Local trade Regional trade Domestic trade International trade
7	Advantages of international trade are	One Two Three Many
8	Balance of payment of a country is balanced when its	Receipts are more than payments Receipts are less than payments Receipts are equal to payments None of three
9	Balance of payment of a country in unfavourable when its	Receipts are more than payments Receipts are less than payments Receipts are equal to payments None of three
10	Balance of payment of a country is favourable when its	Receipts are more than payments Receipts are less than payments Receipts are equal to payments None of three
11	In which year international monetary fund was established	1941 1944 1945 1947
12	One of the following is not included in the methods of removing deficit in balance of payments of a country	Increase in exports Increase in imports Devaluation of currency Decrease in the quantity of money
13	One of the following is not included in the causes of deficit in balance of payments of a country	Increase in exports Increase in imports Unfavourable terms of trade Occurance of inflation
14	Which one of the following is included in balance of payment	Visible goods Invisible goods Visible & invisible goods Non material goods
15	Which one of the following is included in balance of trade	Visible goods Invisible goods Visible & invisible goods All the three

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