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. Dumping refers to?A. Sale of goods abroad at low a price, below their cost and price in home marketB. Buying goods at low prices abroad and selling at higher prices locallyC. Expensive goods selling for low prices D. Reducing tariffs Loading... 2. International trade and domestic trade differ because of?A. Different government policies B. All of the aboveC. Trade restrictions D. Immobility of factors Loading... 3. What would encourage trade between two countries?A. Frontier checks B. Different tax system C. National currencies D. Reduced tariffs Loading... 4. Term of trade of a country show?A. Ratio of import duties B. Ratio of prices of exports and imports C. Ratio of goods exported and imported D. (a) and (c) of above Loading... 5. All are advantages of foreign trade EXCEPT?A. People get foreign exchange B. Nations compete C. Cheaper goods D. Optimum utilisation of country's resources Loading... 6. In a free trade world in which no restrictions exist, international trade will lead to?A. Decreased efficiency B. Reduced real GDPC. Reduced real living standard D. Increased efficiency Loading... 7. According to Hecksher and Ohlin basic cause of international trade is?A. Difference in ideologyB. Difference in markets C. Difference in political systems D. Difference in factor endowments Loading... 8. Govt. policy about exports and imports is called?A. Commercial policy B. Monetary policy C. Fiscal policy D. Finance policy Loading... 9. Two countries can gain from foreign trade if?A. Tariff rates are different B. Cost ratios are different C. (a) and (c) of aboveD. Price ratios are different Loading... 10. Terms of trade of developing countries are generally unfavourable because?A. They export few goods B. (a) and (b) of aboveC. They import value added goods D. They export primary goods Loading... Loading... Related NTS Results Post:Biology Mcqs Test 08 Online PreparationBiology Mcqs Test 15 Online PreparationIslamiat Mcqs Test 02 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 09 Online PreparationChemistry MCQs Test 07 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online Preparation
