The rate at which a country's export is exchanged for her imports is
Trade balance
Balance of payment
Term of trade
Balance on current account
Correct answer is C
Terms of trade, relationship between the prices at which a country sells its exports and the prices paid for its imports.
The cave of thawr is associated with the
revelation of surat al Alaq
immigration from Makkah to Madinah
farewell sermon of the Prophet (S.A.W)
Hardship of isma'il and Hajarah
Correct answer is B
The cave of Thawr is associated with the migration from makkah to madinah. Muhammad and Abu Bakr left the city and took shelter in a cave.
The principle of comparative cost advantage was propounded by
David Ricardo
Alfred Marshal
J. S Mill
Adam Smith
Correct answer is A
David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing every single good than workers in other countries.
Which of the following is not a major problem of development?
Shortage of skilled manpower
Inadequate data for planning
Political instability
Poor identification of projects
Correct answer is D
Common constraints on development are high economic poverty, hunger, high mortality rates, unsafe water supplies, poor education systems, corrupt governments, war, and poor sanitation.
The zakat payable on farm produce worth $25, 000, 000 is
$2,500
$2,000
$1,500
$1,000
Correct answer is A
The zakat payable on farm produce by rain, worth $25,000,000 is $2,500, 000. Your Zakat donation should amount to 2.5% of your total wealth accumulated over the year.