International Economics Model Question Paper

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 01:30:00 Hrs
Total Marks : 50
    10 x 1 = 10
  1. Trade between two countries is known as ____ trade

    (a)

    External

    (b)

    Internal

    (c)

    Inter-regional

    (d)

    Home

  2. International trade differs from domestic trade because of

    (a)

    Trade restrictions

    (b)

    Immobility of factors

    (c)

    Different government policies

    (d)

    All the above

  3. Which of the following is a modern theory of international trade?

    (a)

    absolute cost

    (b)

    comparative cost

    (c)

    Factor endowment theory

    (d)

    none of these

  4. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  5. Net export equals _______.

    (a)

    Export x Import

    (b)

    Export + Import

    (c)

    Export - Import

    (d)

    Exports of services only

  6. Favourable trade means value of exports are ________ Than that of imports.

    (a)

    More

    (b)

    Less

    (c)

    More or Less

    (d)

    Not more than

  7. Components of balance of payments of a country includes

    (a)

    Current account

    (b)

    Official account

    (c)

    Capital account

    (d)

    All of above

  8. Tourism and travel are classified in which of balance of payments accounts?

    (a)

    merchandise trade account

    (b)

    services account

    (c)

    unilateral transfers account

    (d)

    capital account

  9. Foreign direct investments not permitted in India

    (a)

    Banking

    (b)

    Automic energy

    (c)

    Pharmaceutical

    (d)

    Insurance

  10. Benefits ofFDI include, theoretically

    (a)

    Boost in Economic Growth

    (b)

    Increase in the import and export of goods and services

    (c)

    Increased employment and skill levels

    (d)

    All of these

  11. 5 x 2 = 10
  12. What is International Economics?

  13. State any two merits of trade.

  14. Define Terms of Trade.

  15. What is meant by Exchange Rate?

  16. What is an import control?

  17. 5 x 3 = 15
  18. Describe the subject matter of International Economics.

  19. Distinguish between Balance of Trade and Balance of Payments.

  20. What are import quotas?

  21. State the objectives of Foreign Direct Investment.

  22. List out the limitations of Modern Theory of International Trade?

  23. 3 x 5 = 15
  24. Discuss the differences between Internal Trade and International Trade.

  25. Discuss the various types of disequilibrium in the balance of payments.

  26. Explain the relationship between Foreign Direct Investment and Economic development.

*****************************************

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Standard Economics - International Economics Model Question Paper

Write your Comment