Question # 1

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

Choose an answer

0.25

4

0.4

Billion Rupees

Ric countries have deficit in their balance of payments

Choose an answer

Some times

Never

Atternatee years

Always

All labour is

Choose an answer

Homogeneious

Heterogenecous

Lazy

Intelligent

Total number of branches of Pakistani banks is approximately

Choose an answer

5000

10000

15000

20000

Total value of allfinal goods andservices produced annually by a country.

Choose an answer

NNP

GNP

GDP

NI

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

Which is likely to be higher in a developing country like Pakistan.

Choose an answer

Birth Rate

GDP per head

Life expeciancy

Net investment per head

Commercial banks accept deposits and provide

Choose an answer

Money

Loans

Bill of exchange

It is the medium of exchange

Choose an answer

Black money

Currency

Near money

Foreign exchange

Every country establishes central bank to

Choose an answer

Issue currency

To establish commercial bank

Toprepare governemnt budget

All of the of above

Which of the following is a withdrawal from the circular flow of income stream.

Choose an answer

Taxation

Consumption

Subsides

Investment

National Bank of Pakistan is

Choose an answer

Industrial Bank

Commercial Bank

Central Bank

Investment Bank

Cash cannot be directly obtaines from a bank against

Choose an answer

Cross cheque

Order cheque

bearer cheque

Traveller cheque

Contribution of agriculture in Pakistan's national income is

Choose an answer

19%

29%

39%

49%

National Bank is.

Choose an answer

Public Sector bank

Private Bank

Microfianace bank

Specialised bank

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

Choose an answer

25 m

10 m

5 m

0 m

Unemployment due to mechanizatin of agriculture is.

Choose an answer

Seasonal

Structural

Industrial

Personal

All are advantages of oreign trade Except.

Choose an answer

People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

Macroeconomics is concerned with.

Choose an answer

Aggregate economic activity

Spending decisions of households

Hod to produce goods

How tobuy stocks and bonds

State Bank was established in

Choose an answer

1948

1950

1952

1954

Pakistan is an economy

Choose an answer

Developing

Developed

Fast growing economy

a and c above

More Classes

Other Links

ICS Part 2 Economics English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer