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41.

Balance of payments means:

A.	The balance of receipts and payments of all banks	B.	The balance of receipts and payments of State Bank
C.	The balance of receipts and payments of foreign exchange by a country	D.	The balance of govt. receipts and payments

42.

Pakistan is not a member of:

A.	IMF	B.	ECO
C.	OPEC	D.	World Bank

43.

International trade is possible primarily through:

A.	Generalization in production of all goods	B.	Specialization in production of one good
C.	Specialization in production of a few goods	D.	All of the above

44.

Pakistan imports some goods and exports other goods primarily because of:

A.	Free goods	B.	Comparative advantage
C.	Unemployment	D.	Self sufficiency

45.

A country that does not trade with other countries is called:

A.	Developed economy	B.	Closed economy
C.	Independent economy	D.	None of the above

46.

To increase exports, Pakistan must:

A.	Improve quality of goods	B.	Decrease the value of its currency
C.	Import cheap labour	D.	(a) and (b) of above

47.

Policy of Protection in trade:

A.	Facilitates trade	B.	Protects foreign producers
C.	Protects local producers	D.	Protects exporters

48.

Pakistan's exports mainly consists of products:

A.	Semi-manufactured and manufactured goods	B.	Primary goods
C.	Manufactured goods	D.	Food products

49.

Pakistan's exports mainly consists of products:

A.	Semi-manufactured	B.	Machinery
C.	Minerals	D.	Services

50.

The largest item in our import list is:

A.	Consumer goods	B.	Machinery
C.	Petroleum	D.	Computers