Government policy about exports and imports is called ?

Related Mcqs:

1. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

2. Government levy tax on imports and exports What this tax is called ?

   A. Custom
   B. Exercise Duty
   C. Tariff
   D. Freight

3. What is called the difference in the money value between exports and imports during the specific period of time ?

   A. Balance of payment
   B. Balance sheet
   C. Terms of trade
   D. Balance of trade

4. What is called a Tax on imports, exports ?

   A. Drawback
   B. Duty
   C. Custom
   D. Excise

5. A tax on imports exports, or consumption goods is called ?

   A. Drawback
   B. Duty
   C. Custom
   D. Excise

6. The record of country’s imports and exports of goods and services is called its ?

   A. visible trade balance
   B. balance of trade
   C. balance of payments on current account
   D. balance of payments.

7. The record of country’s imports and exports of goods is called its ?

   A. balance of trade:
   B. balance of payments
   C. balance of payments on current account
   D. visible trade balance

8. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

9. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

10. The situation when a country imports more than it exports is ?

    A. a recession
    B. a trade surplus
    C. a trade deficit
    D. an expansion.