12th class Economics chapter 7 online mcq test with answers for ICS part 2 Economics chapter 7 (Public Finance)

Question # 1

Ric countries have deficit in their balance of payments

Some times A
Never B
Atternatee years C
Always D

Question # 2

Foregn trade creates among countries.

Conficits A
Cooperation B
Hatred C
None D

Question # 3

Pakistan is not a memebr of

IMF A
ECO B
OPEC C
World Bank D

Question # 4

Govt policy about exports and imports is called.

Monetary policy A
Fiscal policy B
Commercial Policy C
Finance policy D

Question # 5

What would encorage trade betwene two countries.

Reduced tariffs A
Quality control B
Differente tax system C
Fixing import quotes D

Question # 6

Two countries can gain from foreign trade if

Cost ratios are differnet A
Traiff rates are different B
Price ratios are different C
a and c above D

Question # 7

Theory of omparative advantages was presented.

Ricardo A
Adam Smith B
Hicks C
Arshad D

Question # 8

It Japan and Pakistan start free trade differene in wges in two counties will

Increase A
Decrease B
Double C
No effect D

Question # 9

Policy of Protecton in trade

Facilitates trade A
Protects local producers B
Protects foreign producers C
Protects exporters D

Question # 10

International trade and domestic trade fiffer because of.

Trade restrictions A
Immobility of factors B
Difference govt Policy C
All of the above D

Question # 11

Trade between two countries can be useful if cost ratios of goods are.

Equal A
Different B
Undertimed C
Decreasing D

Question # 12

Pakistan Importss some goods and exports other goods primarily because of.

Free goods A
Comparative advantage B
Unemployment C
Self Sufficiency D

Question # 13

Which of the following is international trade

Trade between provinces A
Trade between countries B
Trade betwene regions C
Trade between continents D

Question # 14

In foreign trde protection policy means.

Restrictions on imports A
Restrictions on exports B
Restriction on transfer of foreign exchagne C
All of the above D

Question # 15

Foreign Trade are

Benefits developed countries A
Benefits underdeveloped countires B
Benefits all countries C
Benefits democretive countries D

Question # 16

Foreign Trade

Increses employment opportunites A
Increases international mobility of labour B
Increases competition C
All of the above D

Question # 17

Net exports equal

Exports x imports A
Exports + imports B
exports- imports C
None of the above D

Sr.#	Question	Answer
1	Foregn trade creates among countries.	A. Conficits B. Cooperation C. Hatred D. None
2	Which of the following is international trade	A. Trade between provinces B. Trade between countries C. Trade betwene regions D. Trade between continents
3	In foreign trde protection policy means.	A. Restrictions on imports B. Restrictions on exports C. Restriction on transfer of foreign exchagne D. All of the above
4	Net exports equal	A. Exports x imports B. Exports + imports C. exports- imports D. None of the above
5	Pakistan is not a memebr of	A. IMF B. ECO C. OPEC D. World Bank
6	What would encourage trade betwene two countries.	A. Different tax system B. Frontier checks C. National currencies D. Reduce traiff
7	International trade and domestic trade fiffer because of.	A. Trade restrictions B. Immobility of factors C. Difference govt Policy D. All of the above
8	Two countries can gain from foreign trade if	A. Cost ratios are differnet B. Traiff rates are different C. Price ratios are different D. a and c above
9	Foreign Trade are	A. Benefits developed countries B. Benefits underdeveloped countires C. Benefits all countries D. Benefits democretive countries
10	What would encorage trade betwene two countries.	A. Reduced tariffs B. Quality control C. Differente tax system D. Fixing import quotes

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 7 Online MCQ Test for 12th Class Economics Chapter 7 (Public Finance)

ICS Part 2 Economics English Medium Chapter 7 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 7 Online Test"

ICS Part 2 Economics English Medium Chapter 7 Online Test

Ric countries have deficit in their balance of payments

Foregn trade creates among countries.

Pakistan is not a memebr of

Govt policy about exports and imports is called.

What would encorage trade betwene two countries.

Two countries can gain from foreign trade if

Theory of omparative advantages was presented.

It Japan and Pakistan start free trade differene in wges in two counties will

Policy of Protecton in trade

International trade and domestic trade fiffer because of.

Trade between two countries can be useful if cost ratios of goods are.

Pakistan Importss some goods and exports other goods primarily because of.

Which of the following is international trade

In foreign trde protection policy means.

Foreign Trade are

Foreign Trade

Net exports equal

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

ICS Part 2 Economics English Medium Chapter 7 Test

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 7 Online Test" MCQ`s Test

ICS Part II Economics Chapter 0 Important MCQ's

Test Questions

Share your comments & questions here