Money Banking and International Trade Test 7 Mcqs Preparation Online Malik Asghar — April 23, 2018 in Economics • add comment Money Banking and International Trade Test 7 Mcqs Preparation Online 1. A deficit disequilibrium in the balance of payments can be corrected through?A. All of the above B. Devaluation C. Exchange controls and import quotas D. Monetary squeeze Loading... 2. 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. Highly unfavourable B. Favourable C. NeutralD. Unfavourable Loading... 3. Which of the following was not favoured by the mercantilists?A. Free tradeB. Export promotion C. Accomulation of gold by the country D. Import restriction Loading... 4. 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... 5. The devaluation of currency by a country is designed to lead to?A. Promotion of import substitution B. All of theseC. Expansion of the export trade D. Contraction of import trade Loading... 6. Of the following concepts of term of trade, which one was introduced by F.W. Taussig?A. Commodity terms of trade B. Real cost terms of trade C. Income terms of trade D. Double fact oral terms of trade Loading... 7. 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. Remain the same C. Rise D. Fall Loading... 8. Which of the following items in the balance of payments is invisible?A. Foreign travel B. Goods exportedC. Foreign investment D. Government expenditure abroad Loading... 9. If the elasticity of foreign demand for the country's exports is unity, the supply curve of foreign exchange will be?A. Positively sloping from left to rigt B. Backward bending C. Vertical D. Horizontal 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 NTS Results Post:Money 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 6 Mcqs…Money Banking and International Trade Test 5 Mcqs…Money and Value of Money Test 01 Mcqs Preparation OnlineMoney and Value of Money Test 6 Mcqs Online Preparation