Economics MCQ Quiz Hub

Economics Balance of Payments

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1. Balance of payments of a country includes:




2. Balance of payments of a country includes:




3. Final balance of payments of a country is:




4. Balance of payments of a country has parts:




5. Exchange rate for currencies is determined by supply and demand in system of:




6. If GNP of Pakistan rises it will encourage:




7. A country that does not trade with other countries is called an economy:




8. If Japanese import more goods from Pakistan (other things remain same)




9. Invisible items in balance of payments include:




10. Pakistan follows the policy of:




11. It helps countries to meet deficit in balance of payments:




12. The balance of payments of country means




13. Pakistan s exports are part of our GDP:




14. What would cause a country s exchange rate to fall:




15. Which of the following must always balance:




16. What will be expected result if the value of rupee falls against dollar?




17. If Toyota Company establishes a factory in Pakistan this will be recroded in balance of payments in the section:




18. If CDA (Capital Development Authority Islamabad) gets a loan from World Bank for roads it will be recorded in the balance of payments in section:




19. Which of the following must always balance?




20. Which of the following compares the average price of exports to average price of imports?




21. IMF represents




22. Flexible exchange rate system has the advantage:




23. Fixed exchange rate system has the advantage:




24. Export of goods is called trade in:




25. Export of goods is called trade in:




26. Visible goods are recorded in this part of balance of payments account:




27. Visible goods are recorded in this part of balance of payments account:




28. Visible imports include:




29. If balance of payments of country is in deficit, then:




30. The balance of payments account of a country includes:




31. Foreign exchange reserves increase if:




32. The receipts and payments for goods exported and imported are counted in:




33. IMF has given loan to Pakistan. It will improve Pakistan s:




34. IMF gives loans:




35. In capitalism there is sovereignty of:




36. Basic principle of Islamic economic system is:




37. In capitalistic system, prices of goods are determined by:




38. In socialistic system, prices of goods are determined by:




39. In working of markets, the Islamic system is nearer to:




40. Which is the basic economic problem, which is common in all economic systems:




41. In a country like Pakistan:




42. In Islamic economic system:




43. Capitalism is defined as an economic system where there is:




44. Pakistan having a: