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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
10-Rupees note is issued by
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National Bank
State Bank
Govt. of Pakistan
Governer State bank
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Question # 2
Cash cannot be directly obtaines from a bank against
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Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 3
Equilibrium of national income will be when
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S >I
S < I
S = I
S - 1
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Question # 4
Private sector participation is expending in.
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Education
Health
Environment
a and b of the above
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Question # 5
People do not care for environmetn problems because of.
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Lack of education
Fear of taxes
Proverty
a and c of the above
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Question # 6
The government spends on education percentage of GDP
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2
6
8
10
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Question # 7
The largest sector of Pakistan economy
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Transport
Agriculture
Industry
Trade
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Question # 8
Transfer payments means
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Bank loans
The payment without work
Tax payments
Payments made to all factors of production
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Question # 9
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 10
The following is not a bank liability.
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Demand deposit
Time deposit
Loan
Saving Deposit
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Question # 11
Whis is the largest figure
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NNP
GNP
DPI
PI
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Question # 12
Value of money and supply of money are related.
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Inversely
Directly
Govt.Law
Are not related
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Question # 13
Transfer payments are not included in national income becaues.
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Such payments are made to persons livnig abroad
Double counting would result
They are illegal
There is no method to account for these
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Question # 14
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 15
Many People do not send their children to schools because of
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Their own illiteracy
Harsh teahers
Poverty
All of the above
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Question # 16
Gross nationa product includes
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A loan from one's parents
A loan from a domestic bank
A loan from other countries
None of theabove
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Question # 17
Which shows equilibrium of national income
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Consumption = investment
Saving = investment
Saving > investment
Saving < investment
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Question # 18
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 19
National income equals.
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c+ I+g
c-i-g
c-s-g
c+s+g
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Question # 20
Govt. prepares its budget
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Weekly
Montly
Quarterly
Annually
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Question # 21
We measure natonalincome by this method.
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Expenditure method
Income method
Product method
As of the above
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