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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
National Bank of Pakistan was established in
Choose an answer
1949
1959
1960
1979
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Question # 2
We can increase rate of economic growth in Pakistna if we icrease.
Choose an answer
Investment
Population
Imports
taxes
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Question # 3
Unemployment tkes place because of.
Choose an answer
High demand for labour
High population growth rate
More exports
Higher education
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Question # 4
Convert money means.
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It can buy goods
Govt. give gold against
Illegal money
Low value money
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Question # 5
Which shows equilibrium of national income
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Consumption = investment
Saving = investment
Saving > investment
Saving < investment
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Question # 6
Net investment is
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Gross investment minus household investment
Gross investment minus govt. investment
Gross investment minus capital consumption allowance
None of the above
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Question # 7
Economic planning in Pakistan started
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During 1950s
During 1960s
During 1970s
During 1980s
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Question # 8
For the economy prices are beneficial
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Falling slowly
Rising slowly
Rising fast
Falling fast
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Question # 9
Which One is equation of exchange.
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PT = MV
PV = MT
PM = TV
None
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Question # 10
Commercial bank in Pakistan are supervised by
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State Bank
National Bank
Finance Minister
World Bank
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Question # 11
Prograssive taxes
Choose an answer
Are harmful for the economy
Bring equality in distributio of income
Compel rich people to be honest
Decrease evasion of taxes
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Question # 12
The most importnat fature of money
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General acceptability
Store of value
Covertibility into gold
Medium of exchange
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Question # 13
Which of the followign is not included in personali income
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Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 14
Exports of goods is called trade in
Choose an answer
Visible good
Invisibel goods
Basic goods
None real goods
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Question # 15
Pakistan exports as percentage GDP are.
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4%
8%
12%
16%
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Question # 16
What would encourage trade betwene two countries.
Choose an answer
Different tax system
Frontier checks
National currencies
Reduce traiff
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Question # 17
Forest in Pakistan are decreasing beacause.
Choose an answer
Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
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Question # 18
Balance of payments of country includes.
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Current account
Monetry Account
Capital Account
All of the above
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Question # 19
If we include it. national income will be over estimated
Choose an answer
Transfer payment
Income from abroad
Illegal income
Exports
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Question # 20
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 21
Which of the following is an example of primary production
Choose an answer
Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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