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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Equilibrium of national income will be when
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S >I
S < I
S = I
S - 1
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Question # 2
Demand deposit are
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Money
Bank note
Legal Money
Considered to near money
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Question # 3
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 4
Two countries can gain from foreign trade if
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Cost ratios are differnet
Traiff rates are different
Price ratios are different
a and c above
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Question # 5
Foreign Trade
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Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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Question # 6
State bank was established in .
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1948
1950
1952
1954
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Question # 7
GDP atconstnat prices, calculated according to some base year is called.
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acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 8
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 # 9
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 10
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 11
Net exports equal
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Exports x imports
Exports + imports
exports- imports
None of the above
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Question # 12
Pursching power of money during defiation is.
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Increased
Reduced
Constant
Fluctuating
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Question # 13
Total value of allfinal goods andservices produced annually by a country.
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NNP
GNP
GDP
NI
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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
Visible exports include
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Remittance
Computer Hardware
Computer software
Transport cost
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Question # 16
We can increase rate of economic growth in Pakistna if we icrease.
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Investment
Population
Imports
taxes
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Question # 17
Per capita Incom is.
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Income per worker
Incomeper hea
Income per household
Income per industrial unit
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Question # 18
Acting as lender of last resort a cenral bank lend to.
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Money market
Stock exchange
Commercial Bank
Does not lend
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Question # 19
National income is a measure of
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The zise of government revenue
Payments made to facor of production
Production f goods per day
Total working hours
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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 statemetn is true of the relationship betwene bond prices and bond yields.
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They very invesrsely
They are not related
They tool very directly
They are related in long run and not in the short run
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