International & National Tarde Test 02 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik International & National Tarde Test 02 Mcqs Preparation Online 1. Terms of trade of developing countries are generally unfavourable because?A. They export few goods B. They import value added goods C. (a) and (b) of aboveD. They export primary goods Loading... 2. All are advantages of foreign trade EXCEPT?A. Optimum utilisation of country's resourcesB. Cheaper goods C. Nations compete D. People get foreign exchange Loading... 3. Two countries can gain from foreign trade if?A. Cost ratios are different B. Tariff rates are different C. Price ratios are different D. (a) and (c) of above Loading... 4. International trade and domestic trade differ because of?A. Trade restrictions B. Immobility of factors C. Different government policies D. All of the above Loading... 5. Term of trade of a country show?A. (a) and (c) of aboveB. Ratio of import duties C. Ratio of goods exported and imported D. Ratio of prices of exports and imports Loading... 6. What would encourage trade between two countries?A. Frontier checks B. Reduced tariffsC. Different tax system D. National currencies Loading... 7. According to Hecksher and Ohlin basic cause of international trade is?A. Difference in markets B. Difference in political systems C. Difference in ideologyD. Difference in factor endowments Loading... 8. 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... 9. Dumping refers to?A. Buying goods at low prices abroad and selling at higher prices locallyB. Reducing tariffs C. Sale of goods abroad at low a price, below their cost and price in home marketD. Expensive goods selling for low prices Loading... 10. Govt. policy about exports and imports is called?A. Fiscal policy B. Commercial policy C. Monetary policy D. Finance policy Loading... Loading... Related NTS Results Post:Biology Mcqs Test 14 Online PreparationBiology Mcqs Test 12 Online PreparationBiology Mcqs Test 13 Online PreparationChemistry MCQs Test 06 Online PreparationChemistry MCQs Test 07 Online PreparationIslamiat Mcqs Test 02 Online PreparationChemistry MCQs Test 05 Online PreparationIslamiat Mcqs Test 03 Online Preparation
