Question # 1

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

Country is poor if it has.

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Less production of gods per capita

Less amount of gold

Less amout of foreign currency

Less exports

For the economy prices are beneficial

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Falling slowly

Rising slowly

Rising fast

Falling fast

Ten Rupee note is

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Token money

Creadit money

Legal Money

a and c of above

Contribution of Industrial sector in Pakistan economy is.

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24%

14%

Less than 10%

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

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

Mobility of labour

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Increases efficiency of labour

Spolic labour

Incrresases division of labour

a and c above

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

Public spending on health is

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Less than 1%

More than 1 but less than 2%

More than 2 but less than 3%

More than 3

Rupee is a coin

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Full value

Token money

Credite money

Convertible

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

Unemployment rate in Pakisan is

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6%

16%

20%

More than 20%

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

GNP is always.

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Less than NNP

Grether than NNP

Equal to NNP

Is found from NNP

Which shows equilibrium of national income

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Consumption = investment

Saving = investment

Saving > investment

Saving < investment

In circular flow model

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Govt. owns productive resources

Firms own productive resources

Households own productive resorces

Rent of land is not included

Visible exports include

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Remittance

Computer Hardware

Computer software

Transport cost

Which one is per capita income is

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Per worker income

Per person Income

Per family income

Per Industtrial unit income

Which is the charactertistic of good money

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Has good design

Has high value

Has a fixed value in gold

Is readily accepted by people

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