MCQs Macro Economics in English, International Trade

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Macro Economics

International Trade

These are the types of trade:

Domestic Trade	National Trade
International Trade	All

International trade is also known as:

Global Trade	Foreign Trade
World Trade	All

National Trade is also known as:

Domestic Trade	Internal Trade
Both	None

Imports & Exports are the terms of:

Domestic Trade	National Trade
International Trade	All

What terms are used in domestic trade?

Import & Export	Sale & purchase
Both	None

The balance of trade of Pakistan is frequently:

Deficit	Surplus
Both	None

Balance of payment refers to:

Visible & Invisible goods	Loans & interest
All transactions	None

What terms are used in international trade?

Import & Export	Sale & purchase
Both	None

Balance of trade & balance of payment are the:

Same terms	Different terms
Like terms	All

Balance of trade refers to:

Visible goods only	Invisible goods only
Whole Accounts	All

Balance of payment refers to:

Visible goods only	Invisible goods only
Both	None

If exports of a country are greater than its imports, the balance of payment is:

Deficit	Surplus
Both	None

If imports of a country are greater than its exports, the balance of payment is:

Deficit	Surplus
Both	None

All countries wish their balance of payment to be as:

Deficit	Surplus
Both	None

The balance of payment of Pakistan is frequently:

Deficit	Surplus
Both	None

The balance of payment of a country may be:

Deficit	Surplus
Balanced	All

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