International & National Tarde Test 04 Mcqs Preparation Online Shani Malik — May 19, 2018 in Economics • add comment International & National Tarde Test 04 Mcqs Preparation Online 1. If a country decreases the external value of its currency, it will affect?A. Volume of exports B. All of the aboveC. General price level D. Volume of imports Loading... 2. David Ricardo presented the theory of international trade called?A. Theory of comparative advantage B. Theory of equal advantage C. Theory of absolute advantage D. Theory of total advantage Loading... 3. Foreign trade has the advantage?A. Can import machinery and technology B. Trading countries get foreign exchange C. Can import scarce raw materials D. (b) and (c) of above Loading... 4. The theory explaining trade between two countries is called?A. Comparative trade theory B. Comparative cost theory C. Comparative disadvantage theory D. None of the above Loading... 5. Trade between two countries takes place when?A. Cost ratios of commodities are lowB. Cost ratios of commodities are high C. Cost ratios of commodities are different D. Cost ratios of commodities are equal Loading... 6. Foreign trade?A. Benefits underdeveloped countries B. Benefits democratic countries C. Benefits developed countries D. Benefits all countries Loading... 7. The theory explaining trade between two countries is called?A. Comparative returnsB. Comparative advantage C. Comparative bargain D. Comparative trade Loading... 8. In foreign trade, Protection policy means?A. Restriction on transfer of foreign exchange B. Restrictions on imports C. All of the aboveD. Restrictions on exports Loading... 9. Foreign trade?A. All of the aboveB. Increases international mobility of labour C. Increases employment opportunities D. Increases competition Loading... 10. Rich countries have deficit in their balance of payments?A. Sometimes B. Alternate years C. AlwaysD. Never Loading... Loading... Related NTS Results Post:International & National Tarde Test 02 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…
