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. David Ricardo presented the theory of international trade called?A. Theory of comparative advantage B. Theory of equal advantage C. Theory of total advantageD. Theory of absolute advantage Loading... 2. In foreign trade, Protection policy means?A. Restriction on transfer of foreign exchange B. All of the aboveC. Restrictions on exports D. Restrictions on imports Loading... 3. Rich countries have deficit in their balance of payments?A. Sometimes B. Never C. Alternate years D. Always Loading... 4. Foreign trade?A. Benefits developed countries B. Benefits democratic countries C. Benefits underdeveloped countries D. Benefits all countries Loading... 5. Foreign trade has the advantage?A. Trading countries get foreign exchange B. (b) and (c) of aboveC. Can import machinery and technology D. Can import scarce raw materials Loading... 6. If a country decreases the external value of its currency, it will affect?A. All of the aboveB. Volume of exports C. Volume of imports D. General price level Loading... 7. The theory explaining trade between two countries is called?A. Comparative trade theory B. None of the aboveC. Comparative disadvantage theory D. Comparative cost theory Loading... 8. The theory explaining trade between two countries is called?A. Comparative advantage B. Comparative trade C. Comparative bargain D. Comparative returns Loading... 9. Trade between two countries takes place when?A. Cost ratios of commodities are lowB. Cost ratios of commodities are different C. Cost ratios of commodities are equal D. Cost ratios of commodities are high Loading... 10. Foreign trade?A. Increases international mobility of labour B. Increases employment opportunities C. Increases competition D. All of the above Loading... Loading...
