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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Paper money in Pakistan is
Choose an answer
Inconvertible
Convertible
Linked to gold
None of the above
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Question # 2
Investment spending included the purchase of.
Choose an answer
Lottery coupon
Prize Bond
Residential construction
all of the above
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Question # 3
Foreign Trade are
Choose an answer
Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 4
Pursching power of money during defiation is.
Choose an answer
Increased
Reduced
Constant
Fluctuating
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Question # 5
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 6
If govermment increases taxes pivate savings.
Choose an answer
Increase
Decrease
Do not change
Will become zero
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Question # 7
GNP is
Choose an answer
Total Sales in the economy
Total monetary transactions in an economy
Sum of market values of all goods and services prodcued in an economy
Totla spending in an economy
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Question # 8
The natures of unemployment due to machanization of agriculture is
Choose an answer
Seasonal
Structural
Frictional
Permanent
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Question # 9
Net investment is
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Gross investment minus household investment
Gross investment minus govt. investment
Gross investment minus capital consumption allowance
None of the above
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Question # 10
Oneof he following is NOT a feature of private finance.
Choose an answer
Balancing of incoem and expenditure
Secrecy
Publicity
Saving some part of income
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Question # 11
Pakistan exports as percentage GDP are.
Choose an answer
4%
8%
12%
16%
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Question # 12
Population Growth rate in Pakistan is
Choose an answer
0.9%
19%
2.9 %
3.9%
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Question # 13
Pakistan Per capita income of constnat prics in 2020 is in dollars
Choose an answer
1450
2450
4450
6450
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Question # 14
Final balance of the payment of a country is
Choose an answer
Always balance
Always dificit
Always surplus
Flucluates
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Question # 15
The receipt of payments for goods exported and imported are counted in .
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Capital Account
Trade Account
Current account
Monetary account
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Question # 16
Ric countries have deficit in their balance of payments
Choose an answer
Some times
Never
Atternatee years
Always
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Question # 17
Demand deposit are
Choose an answer
Money
Bank note
Legal Money
Considered to near money
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Question # 18
Foreign Trade
Choose an answer
Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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Question # 19
National Income is.
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Total Income earned in producing the national product
All taxes plus govt. spending
Sum of personal income and saving
NNP minus the capital consumption allowance
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Question # 20
Pakistan is not a memebr of
Choose an answer
IMF
ECO
OPEC
World Bank
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Question # 21
Which is money
Choose an answer
Cheque
Credite card
Currency
Prize Bond
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