International Trade Laws mcq Quiz Set 2

1."Terms of trade" between two countries refer to a ratio of_____?

Correct! Wrong!

2. What would encourage trade between two countries?

Correct! Wrong!

3. It is drawback of protection_____?

Correct! Wrong!

4. It is drawback of free trade?

Correct! Wrong!

5. Gold standard means_____?

Correct! Wrong!

6. Terms of trade of a country_____?

Correct! Wrong!

7. India terms of trade?

Correct! Wrong!

8. Exchange value of rupee against other currencies has fallen because_____?

Correct! Wrong!

9. This is an advantage of foreign trade_____?

Correct! Wrong!

10. This is NOT an advantage of foreign trade?

Correct! Wrong!

11. Foreign trade?

Correct! Wrong!

12. Foreign trade?

Correct! Wrong!

13. Foreign trade has the advantage?

Correct! Wrong!

14. In foreign trade, Protection policy means?

Correct! Wrong!

15. If a country decreases the external value of its currency, it will affect?

Correct! Wrong!

16. The theory explaining trade between two countries is called?

Correct! Wrong!

17. The theory explaining trade between two countries is called?

Correct! Wrong!

18. Trade between two countries takes place when?

Correct! Wrong!

19. David Ricardo presented the theory of international trade called?

Correct! Wrong!

20. Rich countries have deficit in their balance of payments?

Correct! Wrong!

International Trade Laws mcq Quiz Set 2

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