Related Mcqs:

1. The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

   A. Trade surplus
   B. Trade deficit
   C. Trade bloc
   D. None

2. The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?

   A. Trade surplus
   B. Trade deficit
   C. Trade off
   D. None

3. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

   A. Trade Balance
   B. Trade deficit
   C. Trade surplus
   D. None

4. A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?

   A. Current account
   B. Fixed account
   C. Saving account
   D. Capital account

5. In developed countries children are….% of the total population ?

   A. 62 %
   B. 35 %
   C. 21 %
   D. 16 %

6. Rural based population in less developed countries (LDC’s) ?

   A. 65 %
   B. 45 %
   C. 75 %
   D. None

7. The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?

   A. Capital flight
   B. Immigration
   C. Brain Drain
   D. All

8. The total amount buyers of goods and services sped or plan to spend____________________?

   A. Total spending
   B. Aggregate spending
   C. Both a and b
   D. None

9. The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

   A. capital flight
   B. capital account
   C. capital deficit
   D. All of these

10. Total consumption deducted from total income is called__________________?

    A. Net income
    B. Gross income
    C. Saving
    D. None of these