Questions

MCQ

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10 questions · auto-graded multiple-choice test.

MCQ 11 Mark
………………….. trade means the exchange of goods and services of one country with other countries.
  • A
    Retail
  • B
    Wholesale
  • International
  • D
    None of these
Answer
Correct option: C.
International
International
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MCQ 21 Mark
………………….. was formed to establish an integrated market2 in member nations in Europe.
  • EU
  • B
    ASEAN
  • C
    BRICS
  • D
    OPEC
Answer
Correct option: A.
EU
EU
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MCQ 31 Mark
BRICS stands for …………………. .
  • A
    Brazil, Russia, Indonesia, China and Sudan
  • B
     Belgium, Rome, India, China and South Africa
  • Brazil, Russia, India, China and South Africa
Answer
Correct option: C.
Brazil, Russia, India, China and South Africa
Brazil, Russia, India, China and South Africa
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MCQ 41 Mark
………………….. was formed to control the international trade of crude oil.
  • OPEC
  • B
    APEC
  • C
    ASEAN
  • D
    WTO
Answer
Correct option: A.
OPEC
OPEC
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MCQ 51 Mark
When the value of imports is more than the value of exports it is called ………………….. balance of trade.
  • A
    favourable
  • unfavorable
  • C
    balanced
  • D
    possible
Answer
Correct option: B.
unfavorable
unfavorable
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MCQ 61 Mark
………………….. trade means buying goods and services from another country
  • A
    Export
  • B
    Retail
  • C
    Wholesale
  • Import
Answer
Correct option: D.
Import
Import
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MCQ 71 Mark
………………….. trade refers to buying and selling in small quantities.
  • A
    Invisible
  • Retail
  • C
    Wholesale
  • D
    None of these
Answer
Correct option: B.
Retail
Retail
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MCQ 81 Mark
Buying and selling in large quantities is called ………………….. trade.
  • wholesale
  • B
    retail
  • C
    invisible
  • D
    none of these
Answer
Correct option: A.
wholesale
wholesale
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MCQ 91 Mark
When there is buying and selling of goods it is called ………………….. trade.
  • A
    invisible
  • visible
  • C
    impossible
  • D
    possible
Answer
Correct option: B.
visible
visible
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MCQ 101 Mark
…………………. refers to buying and selling goods and services to fulfill each other’s needs.
  • Trade
  • B
    Business
  • C
    Labelling
  • D
    Branding
Answer
Correct option: A.
Trade
Trade
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