Question # 1

Mobility of labour

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Increases efficiency of labour

Spolic labour

Incrresases division of labour

a and c above

It creates credit

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Central Bank

Commercial Bank

Government

Stock exchange

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

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25 m

10 m

5 m

0 m

Pakistan needs

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Economic planning

Population Planning

Educational Planning

All of the above

Which statment is true

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National Income = Naional expenditure - indirettaxes

N1 =GNP -NNP

N1 =P1

NI =NNP-Indirect taxes

Total value fo all final goods and services produced annually by a country.

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NNP

GNP

GDP

NI

Acting as lender of last resort a central bank lends to.

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Commercial Bank

Stock exchange

Money markets

Does not lend

This wil cause anincrease in national income

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Rise in exports

Fall in consumer spending

Rise in imports

Increase in saving

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

Standard of living of worker depends upon their

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Nominal wages

Real wages

Average product

Govt. Policy

Which One is equation of exchange.

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PT = MV

PV = MT

PM = TV

None

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

The largest share in Pakistan's GNP is that of.

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Services

Industry

Agriculture

Banking

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

Who is unemployed

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House wife

College Student

Afreshly graduated engineer who is searching for a job

A peer who lives on gifts from murreds

When National income is estimated by expenditue method we include.

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All govt expenditure

All houseolds expenditure

All of the above

All expenditure of the business sector

If C= 200 and I= 40 Than Y will equal

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160

240

200

8000

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Cash cannot be directly obtaines from a bank against

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Cross cheque

Order cheque

bearer cheque

Traveller cheque

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

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