11th Principles of Economics MCQS
International Monetary fund is
Local
National
International
Regional
The base of international trade theory of Adam Smith is
Comparative cost
Absolute advantage
Cheaper cost
Low cost
In balance of payment are included
Invisible items
Material items
Visible items
Visible and invisible items
Comparative cost theory was presented by
Marshall
Ricardo
Ohlin
Hecksher
Balance of payment of a country in unfavourable when its
None of three
Receipts are equal to payments
Receipts are more than payments
Receipts are less than payments
Balance of payments is annual statistical record of
Invisible goods
Visible goods
Foreign loans
Visible and invisible goods
The exchange of goods and services from country to country is called
Foreign
Corporate trade
Domestic trade
National trade
Which one of the following is included in balance of payment
Invisible goods
Visible goods
Non material goods
Visible & invisible goods
One of the following is not included in the causes of deficit in balance of payments of a country
Occurance of inflation
Increase in imports
Increase in exports
Unfavourable terms of trade
The base of international trade theory of Devid Ricardo is
Cheaper cost
Absolute advantage
Low cost
Comparative cost
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