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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Pakistan is an economy
Choose an answer
Developing
Developed
Fast growing economy
a and c above
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Question # 2
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
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0
5 m
10 m
25 m
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Question # 3
When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
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0.25
4
0.4
Billion Rupees
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Question # 4
Transfer payments means.
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Bank loans
The payment without work
Payments made to all factors of production
Tax payments
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Question # 5
Which statment is true
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NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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Question # 6
Equilibrium of national income will be when
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S >I
S < I
S = I
S - 1
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Question # 7
An asset is liquid when it is
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Being traded frequnetly
Earning a good rate of return
Is money or easily converted into money
All of the above
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Question # 8
Life expectency in Pakistan is
Choose an answer
57
67
77
87
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Question # 9
Infrant mortality rate in Pakistanis.
Choose an answer
45
65
85
105
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Question # 10
Which of the following compares everage pricw of exports to avarage Price of imports.
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Balance of payments
Balance of trade
Terms of trade
Exchange of rate
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Question # 11
Policy of Protecton in trade
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Facilitates trade
Protects local producers
Protects foreign producers
Protects exporters
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Question # 12
The largest share in Pakistan's GNP is that of.
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Services
Industry
Agriculture
Banking
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Question # 13
Commercial bank in Pakistan are supervised by
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State Bank
National Bank
Finance Minister
World Bank
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Question # 14
Demand deposite are
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Bank notes
Money
Considered as ner money
Legal money
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Question # 15
It is NOT an instrument of monetary policy
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Bank rate
Open market operations
Change in resere rato
Issure notes
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Question # 16
Rupee is a coin
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Full value
Token money
Credite money
Convertible
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Question # 17
Exports of goods is called trade in
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Visible good
Invisibel goods
Basic goods
None real goods
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Question # 18
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 19
Market value of all final goods and services produced in a country during a year is definition
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GNP
NNP
NI
Consumption
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Question # 20
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 21
Which is not a Function of money
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Make demand and supply equal
Medium of exchange
Store of value
Meaasure of value
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