Money Banking and International Trade Test 7 Mcqs Preparation Online Leave a Comment / Economics / By Malik Asghar Money Banking and International Trade Test 7 Mcqs Preparation Online 1. If the increase in exports exceeds the increase in imports, and other things remain the same, then the level of income will?A. Remain the same B. Rise C. Fall D. Move in an uncertain manner 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. HorizontalC. Positively sloping from left to rigt D. Backward bending Loading... 3. 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. Favourable B. Unfavourable C. NeutralD. Highly unfavourable Loading... 4. The devaluation of currency by a country is designed to lead to?A. All of theseB. Contraction of import trade C. Expansion of the export trade D. Promotion of import substitution Loading... 5. 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... 6. Which of the following was not favoured by the mercantilists?A. Import restrictionB. Export promotion C. Free tradeD. Accomulation of gold by the country Loading... 7. The spot and forward markets in foreign exchange are linked to each other through?A. Speculation B. All of the aboveC. Interest arbitrage D. Hedging Loading... 8. Which of the following items in the balance of payments is invisible?A. Goods exportedB. Foreign investment C. Foreign travel D. Government expenditure abroad Loading... 9. Dynamic factors in the realm of international trade theory relate to changes in?A. Income B. Technical knowledge and methods of production C. All of the aboveD. Factor endowments Loading... 10. Of the following concepts of term of trade, which one was introduced by F.W. Taussig?A. Double fact oral terms of tradeB. Real cost terms of trade C. Income terms of trade D. Commodity terms of trade Loading... Loading... Related NTS Results Post:Chemistry MCQs Test 05 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 12 Online PreparationBiology Mcqs Test 14 Online PreparationBiology Mcqs Test 15 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 08 Online PreparationIslamiat Mcqs Test 01 Online Preparation