(A) Cost ratios are different
(B) Tarrif rates are different
(C) Price ratios are different
(D) Both A and C
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A tarrif:
(A) Increase the volume of trade
(B) Decrease the volume of trade
(C) Has no effect on the volume of trade
(D) Both A and C above
Modern theory of international trade is based on the views of:
(A) Robbins and Ricardo
(B) Adam Smith and Marshal
(C) Heckcsher and Ohlin
(D) Saleem and Kareem
Trade between two countries can be useful if cost ratio of goods are:
(A) Equal
(B) Diffrent
(C) Undetermind
(D) Decreasing
Theory of comparative advantage was presented by:
(A) Adam Smith
(B) Ricardo
(C) Hicks
(D) Arshad
The bank established for loans to very small enterprises in Pakistan is called:
(A) Khushhali Bank
(B) Modarba Bank
(C) SME Bank
(D) FIRST MINI Bank
Open market operations is:
(A) Buing and selling bill of exchange
(B) Buing and selling Govt securities
(C) Buing and selling shares of compnies
(D) Buing and selling foreign exchange
Treasury bill is used for:
(A) getting short term loans
(B) getting long term loans
(C) treasury bill is not credit instrument
(D) treasury bill is a govt tax bill