Economics Money Banking and International Trade Test 7 Mcqs Preparation Online 0 Money Banking and International Trade Test 7 Mcqs Preparation Online 1. Which of the following was not favoured by the mercantilists?A. Free tradeB. Accomulation of gold by the country C. Export promotion D. Import restriction Loading... 2. If the elasticity of foreign demand for the country's exports is unity, the supply curve of foreign exchange will be?A. Vertical B. Positively sloping from left to rigt C. HorizontalD. Backward bending Loading... 3. The devaluation of currency by a country is designed to lead to?A. Expansion of the export trade B. Promotion of import substitution C. Contraction of import trade D. All of these Loading... 4. Of the following concepts of term of trade, which one was introduced by F.W. Taussig?A. Income terms of trade B. Double fact oral terms of tradeC. Commodity terms of trade D. Real cost terms of trade Loading... 5. Which of the following items in the balance of payments is invisible?A. Foreign travel B. Foreign investment C. Government expenditure abroad D. Goods exported Loading... 6. If the increase in exports exceeds the increase in imports, and other things remain the same, then the level of income will?A. Move in an uncertain mannerB. Fall C. Rise D. Remain the same Loading... 7. A deficit disequilibrium in the balance of payments can be corrected through?A. Monetary squeezeB. Devaluation C. Exchange controls and import quotas D. All of the above Loading... 8. The spot and forward markets in foreign exchange are linked to each other through?A. All of the aboveB. Interest arbitrage C. Hedging D. Speculation Loading... 9. What would be the impact on the country's balance of payments position, when in the context of inflationary pressures recourse is taken to expenditure reducing policies?A. Unfavourable B. Highly unfavourable C. Favourable D. Neutral Loading... 10. Dynamic factors in the realm of international trade theory relate to changes in?A. Income B. Technical knowledge and methods of production C. Factor endowments D. All of the above Loading... Loading... Related PostsMoney Banking and International Trade Test 1 Mcqs…Money Banking and International Trade Test 2 Mcqs…Money Banking and International Trade Test 3 Mcqs…Money Banking and International Trade Test 4 Mcqs…Money Banking and International Trade Test 5 Mcqs…Money Banking and International Trade Test 6 Mcqs…Money and Value of Money Test 6 Mcqs Online PreparationMoney and Value of Money Test 7 Mcqs Online PreparationMoney and Value of Money Test 8 Mcqs Online PreparationMoney and Value of Money Test 05 Mcqs Preparation Online Continue Reading Previous Money Banking and International Trade Test 6 Mcqs Preparation OnlineNext National Income Accounting Test 1 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ