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. Rich countries have deficit in their balance of payments?A. Never B. Sometimes C. AlwaysD. Alternate years Loading... 2. Foreign trade?A. Increases international mobility of labour B. All of the aboveC. Increases competition D. Increases employment opportunities Loading... 3. Trade between two countries takes place when?A. Cost ratios of commodities are high B. Cost ratios of commodities are equal C. Cost ratios of commodities are lowD. Cost ratios of commodities are different Loading... 4. The theory explaining trade between two countries is called?A. Comparative trade theory B. None of the aboveC. Comparative cost theory D. Comparative disadvantage theory Loading... 5. The theory explaining trade between two countries is called?A. Comparative returnsB. Comparative advantage C. Comparative trade D. Comparative bargain Loading... 6. David Ricardo presented the theory of international trade called?A. Theory of equal advantage B. Theory of comparative advantage C. Theory of absolute advantage D. Theory of total advantage Loading... 7. If a country decreases the external value of its currency, it will affect?A. All of the aboveB. Volume of imports C. General price level D. Volume of exports Loading... 8. In foreign trade, Protection policy means?A. All of the aboveB. Restrictions on imports C. Restrictions on exports D. Restriction on transfer of foreign exchange Loading... 9. Foreign trade?A. Benefits underdeveloped countries B. Benefits democratic countries C. Benefits all countriesD. Benefits developed countries Loading... 10. Foreign trade has the advantage?A. Can import machinery and technology B. Trading countries get foreign exchange C. (b) and (c) of aboveD. Can import scarce raw materials Loading... Loading... Related NTS Results Post:International & National Tarde Test 03 Mcqs…International & National Tarde Test 01 Mcqs…International & National Tarde Test 02 Mcqs…International & National Tarde Test 05 Mcqs…International & National Tarde Test 06 Mcqs…Equilibrium of National income Test 01 Preparation OnlineBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 12 Online Preparation
