International & National Tarde Test 02 Mcqs Preparation Online Shani Malik — May 19, 2018 in Economics • add comment International & National Tarde Test 02 Mcqs Preparation Online 1. Govt. policy about exports and imports is called?A. Finance policyB. Fiscal policy C. Monetary policy D. Commercial policy Loading... 2. According to Hecksher and Ohlin basic cause of international trade is?A. Difference in political systems B. Difference in factor endowments C. Difference in markets D. Difference in ideology Loading... 3. All are advantages of foreign trade EXCEPT?A. Nations compete B. Cheaper goods C. Optimum utilisation of country's resourcesD. People get foreign exchange Loading... 4. What would encourage trade between two countries?A. National currencies B. Frontier checks C. Different tax system D. Reduced tariffs Loading... 5. In a free trade world in which no restrictions exist, international trade will lead to?A. Reduced real living standard B. Increased efficiency C. Reduced real GDPD. Decreased efficiency Loading... 6. International trade and domestic trade differ because of?A. Trade restrictions B. All of the aboveC. Different government policies D. Immobility of factors Loading... 7. Two countries can gain from foreign trade if?A. Price ratios are different B. (a) and (c) of aboveC. Tariff rates are different D. Cost ratios are different Loading... 8. Terms of trade of developing countries are generally unfavourable because?A. They export primary goodsB. They export few goods C. (a) and (b) of aboveD. They import value added goods Loading... 9. Term of trade of a country show?A. Ratio of prices of exports and imports B. Ratio of import duties C. Ratio of goods exported and imported D. (a) and (c) of above Loading... 10. Dumping refers to?A. Reducing tariffs B. Buying goods at low prices abroad and selling at higher prices locallyC. Expensive goods selling for low prices D. Sale of goods abroad at low a price, below their cost and price in home market Loading... Loading... Related NTS Results Post:International & National Tarde Test 04 Mcqs…International & National Tarde Test 03 Mcqs…International & National Tarde Test 05 Mcqs…International & National Tarde Test 06 Mcqs…International & National Tarde Test 01 Mcqs…International Economic Organisations Test 02 Mcqs…International Economic Organisations Test 04 Mcqs…International Economic Organisations Test 06 Mcqs…
