Tamil Nadu Board of Secondary EducationHSC Arts Class 12th
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Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide chapter 7 - International Economics [Latest edition]

Chapters

Class 12th Economics Answers Guide - Shaalaa.com
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Chapter 7: International Economics

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
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Model Questions - Part A [Pages 149 - 151]

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide Chapter 7 International EconomicsModel Questions - Part A [Pages 149 - 151]

Multiple Choice Questions

Model Questions - Part A | Q 1. | Page 149

Trade between two countries is known as ______ trade.

  • External

  • Internal

  • Inter-regional

  • Home

Model Questions - Part A | Q 2. | Page 149

Which of the following factors influence trade?

  • The stage of development of a product

  • The relative price of factors of productions.

  • Government

  • All of the above

Model Questions - Part A | Q 3. | Page 149

International trade differs from domestic trade because of ______.

  • Trade restrictions

  • Immobility of factors

  • Different government policies

  • All the above

Model Questions - Part A | Q 4. | Page 149

In general, a primary reason why nations conduct international trade is that ______.

  • Some nations prefer to produce one thing while others produce another

  • Resources are not equally distributed among all trading nations

  • Trade enhances opportunities to accumulate profits

  • Interest rates are not identical in all trading nations

Model Questions - Part A | Q 5. | Page 149

Which of the following is a modern theory of international trade?

  • absolute cost

  • comparative cost

  • Factor endowment theory

  • none of these

Model Questions - Part A | Q 6. | Page 149

Exchange rates are determined in ______.

  • money market

  • foreign exchange market

  • stock market

  • capital market

Model Questions - Part A | Q 7. | Page 149

Exchange rate for currencies is determined by supply and demand under the system of the ______.

  • Fixed exchange rate

  • Flexible exchange rate

  • Constant

  • Government-regulated

Model Questions - Part A | Q 8. | Page 149

Net export equals ______.

  • Export x Import

  • Export + Import

  • Export-Import

  • Exports of services only

Model Questions - Part A | Q 9. | Page 149

Who among the following enunciated the concept of single factor terms of trade?

  • Jacob Viner

  • G.S.Donens

  • Taussig

  • J.S.Mill

Model Questions - Part A | Q 10. | Page 150

Terms of Trade of a country show ______.

  • Ratio of goods exported and imported

  • Ratio of import duties

  • The Ratio of prices of exports and imports

  • The ratio of prices of exports and imports

Model Questions - Part A | Q 11. | Page 150

Favorable trade means the value of exports is ______ than that of imports.

  • More

  • Less

  • More or Less

  • Not more than

Model Questions - Part A | Q 12. | Page 150

If there is an imbalance in the trade balance (more imports than exports), it can be reduced by ______.

  • decreasing customs duties

  • increasing export duties

  • stimulating exports

  • stimulating imports

Model Questions - Part A | Q 13. | Page 150

BOP includes ______.

  • visible items only

  • invisible items only

  • both visible and invisible items

  • merchandise trade only

Model Questions - Part A | Q 14. | Page 150

Components of a balance of payments of a country include ______.

  • Current account

  • Official account

  • Capital account

  • All of above

Model Questions - Part A | Q 15. | Page 150

In the case of BOT,

  • Transactions of goods are recorded.

  • Transactions of both goods and services are recorded.

  • Both capital and financial accounts are included.

  • All of these

Model Questions - Part A | Q 16. | Page 150

Tourism and travel are classified in which a balance of payments accounts?

  • merchandise trade account

  • services account

  • unilateral transfers account

  • capital account

Model Questions - Part A | Q 17. | Page 150

Cyclical disequilibrium in BOP occurs because of ______.

  • Different paths of the business cycle.

  • The income elasticity of demand or price elasticity of demand is different.

  • long-run changes in an economy

  • Both (a) and (b).

Model Questions - Part A | Q 18. | Page 150

Which of the following is not an example of foreign direct investment?

  • the construction of a new auto assembly plant overseas

  • the acquisition of an existing steel mill overseas

  • the purchase of bonds or stock issued by a textile company overseas

  • the creation of a wholly-owned business firm overseas

Model Questions - Part A | Q 19. | Page 151

Foreign direct investments not permitted in India ______.

  • Banking

  • Automic energy

  • Pharmaceutical

  • Insurance

Model Questions - Part A | Q 20. | Page 151

Benefits of FDI include, theoretically ______.

  • Boost in Economic Growth

  • Increase in the import and export of goods and services

  • Increased employment and skill levels

  • All of these

Model Questions - Part B [Page 151]

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide Chapter 7 International EconomicsModel Questions - Part B [Page 151]

Answer the following questions. Each question carries 2 marks

Model Questions - Part B | Q 21. | Page 151

What is International Economics?

Model Questions - Part B | Q 22. | Page 151

Define international trade.

Model Questions - Part B | Q 23. | Page 151

State any two merits of trade.

Model Questions - Part B | Q 24. | Page 151

What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

Model Questions - Part B | Q 25. | Page 151

Define terms of Trade.

Model Questions - Part B | Q 26. | Page 151

What do you mean by the balance of payments?

Model Questions - Part B | Q 27. | Page 151

What is meant by Exchange Rate?

Model Questions - Part C [Page 151]

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide Chapter 7 International EconomicsModel Questions - Part C [Page 151]

Answer the following questions. Each question carries 3 marks.

Model Questions - Part C | Q 28. | Page 151

Describe the subject matter of International Economics.

Model Questions - Part C | Q 29. | Page 151

Compare the Classical Theory of international trade with the Modern Theory of International trade.

Model Questions - Part C | Q 30. | Page 151

Explain the Net Barter Terms of Trade and Gross Barter Terms of Trade.

Model Questions - Part C | Q 31. | Page 151

Distinguish between Balance of Trade and Balance of Payments.

Model Questions - Part C | Q 32. | Page 151

What are import quotas?

Model Questions - Part C | Q 33. | Page 151

Write a brief note on the flexible exchange rate.

Model Questions - Part C | Q 34. | Page 151

State the objectives of Foreign Direct Investment.

Model Questions - Part D [Page 152]

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide Chapter 7 International EconomicsModel Questions - Part D [Page 152]

Answer the following questions. Each question carries 5 marks.

Model Questions - Part D | Q 35. | Page 152

Discuss the differences between Internal Trade and International Trade.

Model Questions - Part D | Q 36. | Page 152

Explain briefly the Comparative Cost Theory.

Model Questions - Part D | Q 37. | Page 152

Discuss the Modern Theory of International Trade.

Model Questions - Part D | Q 38. | Page 152

Explain the types of Terms of Trade given by Viner.

Model Questions - Part D | Q 39. | Page 152

Bring out the components of balance of payments account.

Model Questions - Part D | Q 40. | Page 152

Discuss the various types of disequilibrium in the balance of payments.

Model Questions - Part D | Q 41. | Page 152

How the Rate of Exchange is determined? Illustrate.

Model Questions - Part D | Q 42. | Page 152

Explain the relationship between Foreign Direct Investment and economic development.

Chapter 7: International Economics

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Class 12th Economics Answers Guide - Shaalaa.com

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide chapter 7 - International Economics

Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide chapter 7 (International Economics) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Tamil Nadu Board of Secondary Education Class 12th Economics Answers Guide solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Class 12th Economics Answers Guide chapter 7 International Economics are Balance of Trade Vs Balance of Payments, Gains from International Trade, Terms of Trade, Exchange Rate, Foreign Direct Investment (FDI) and Trade, Introduction to International Economics, Meaning of International Economics, Subject Matter of International Economics, Meaning of Trade, Theories of International Trade.

Using Tamil Nadu Board Samacheer Kalvi Class 12th solutions International Economics exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Tamil Nadu Board Samacheer Kalvi Solutions are important questions that can be asked in the final exam. Maximum students of Tamil Nadu Board of Secondary Education Class 12th prefer Tamil Nadu Board Samacheer Kalvi Textbook Solutions to score more in exam.

Get the free view of chapter 7 International Economics Class 12th extra questions for Class 12th Economics Answers Guide and can use Shaalaa.com to keep it handy for your exam preparation

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