Question # 1

Exchange rate for currencies is determined by supply and demand in system of.

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Fixed exchange

flexible

Constatn

Regulated

A skilled worker is an example of.

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Scarcity

An entrepreneur

The labour input

a and c above

Contribution of Industrial sector in Pakistan economy is.

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24%

14%

Less than 10%

This is a difficulty of barter

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Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

Pursching power of money during defiation is.

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Increased

Reduced

Constant

Fluctuating

Convert money means.

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It can buy goods

Govt. give gold against

Illegal money

Low value money

In Pakistan Income tax is

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Progressive tax

Regressive tax

Proportional tax

Fixed tax

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

If CDA gets a loan from world bank for roads it willbe recorded in the balnce of payments in section.

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Capital account

Visible balance

Invisible balance

Offiicial financing

When the country development

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Per capita incoe rises

Specialization increases

Urbanization rises

All of the above

There are obstacles to rapid economic development of Pakistan

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Social

Political

Cultural

All of the above

First women bank is

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Govt Bank

Privat bank

Non Scheduled bank

Investment Bank

Which is money

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Cheque

Credite card

Currency

Prize Bond

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

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NNP

GNP

GDP

NI

Money Material should be

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Abundant

Scarce

Beautiful

Heavy

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

PI is equivalent to

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DPI Minus personal taxes

DIP Plus unerned receipts

DPI Minus income earned but not received

NI plus unearned receipts minus personal taxes

To determine the correct level of GNP ,it is necessary to.

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

Demand depostis are.

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Money

Banks notes

Legal money

Considerd and near money

The countribution of industrial section our GDP is.

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10%

20%

30%

40%

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