International & National Tarde Test 04 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik International & National Tarde Test 04 Mcqs Preparation Online 1. The theory explaining trade between two countries is called?A. Comparative advantage B. Comparative bargain C. Comparative returnsD. Comparative trade Loading... 2. Rich countries have deficit in their balance of payments?A. Never B. Sometimes C. AlwaysD. Alternate years Loading... 3. If a country decreases the external value of its currency, it will affect?A. Volume of imports B. General price level C. Volume of exports D. All of the above Loading... 4. Foreign trade?A. Benefits developed countries B. Benefits democratic countries C. Benefits underdeveloped countries D. Benefits all countries Loading... 5. In foreign trade, Protection policy means?A. Restrictions on exports B. Restriction on transfer of foreign exchange C. Restrictions on imports D. All of the above Loading... 6. David Ricardo presented the theory of international trade called?A. Theory of absolute advantage B. Theory of comparative advantage C. Theory of total advantageD. Theory of equal advantage Loading... 7. Trade between two countries takes place when?A. Cost ratios of commodities are lowB. Cost ratios of commodities are equal C. Cost ratios of commodities are high D. Cost ratios of commodities are different Loading... 8. Foreign trade?A. Increases competition B. All of the aboveC. Increases international mobility of labour D. Increases employment opportunities Loading... 9. The theory explaining trade between two countries is called?A. None of the aboveB. Comparative cost theory C. Comparative trade theory D. Comparative disadvantage theory Loading... 10. Foreign trade has the advantage?A. Can import scarce raw materials B. Can import machinery and technology C. Trading countries get foreign exchange D. (b) and (c) of above Loading... Loading... Related NTS Results Post:Biology Mcqs Test 08 Online PreparationBiology Mcqs Test 06 Online PreparationIslamiat Mcqs Test 03 Online PreparationChemistry MCQs Test 07 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online PreparationChemistry MCQs Test 06 Online Preparation
