International & National Tarde Test 05 Mcqs Preparation Online

1. Pakistan's exports mainly consists of products?

A. Machinery

B. Semi-manufactured

C. Minerals

D. Services

2. International trade is possible primarily through?

A. All of the above

B. Specialization in production of one good

C. Generalization in production of all goods

D. Specialization in production of a few goods

3. Balance of payments means?

A. The balance of govt. receipts and payments

B. The balance of receipts and payments of foreign exchange by a country

C. The balance of receipts and payments of State Bank

D. The balance of receipts and payments of all banks

4. Pakistan is not a member of?

A. World Bank

B. ECO

C. OPEC

D. IMF

5. A country that does not trade with other countries is called?

A. Developed economy

B. None of the above

C. Independent economy

D. Closed economy

6. The largest item in our import list is?

A. Computers

B. Consumer goods

C. Machinery

D. Petroleum

7. Pakistan's exports mainly consists of products?

A. Food products

B. Primary goods

C. Semi-manufactured and manufactured goods

D. Manufactured goods

8. Pakistan imports some goods and exports other goods primarily because of?

A. Free goods

B. Unemployment

C. Self sufficiency

D. Comparative advantage

9. Policy of Protection in trade?

A. Facilitates trade

B. Protects local producers

C. Protects foreign producers

D. Protects exporters

10. To increase exports, Pakistan must?

A. (a) and (b) of above

B. Import cheap labour

C. Improve quality of goods

D. Decrease the value of its currency

International & National Tarde Test 05 Mcqs Preparation Online

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