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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
The goods which arw used directly by the people are called.
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Consumer goods
Capital good
Direct good
None
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Question # 2
Progressive taxes
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Incereasegovernemnt revenue
Bring equality in distributio nof incomes
Act as panality for rich people
a and b of above
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Question # 3
InPakistan government budget is prepared by
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National Assembly
Presidnet of Pakistan
Ministry of Finance
State Bank of Pakistan
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Question # 4
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 # 5
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 # 6
In Pakistan, taxes are leived by
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Prime Minister of Pakistan
President of Pakistan
Federal cabinet of ministers
National Assembly
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Question # 7
The highest govt body for economic planig is Pakistan is.
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Planning Council
Planning Board
Planning commission
Planning Department
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Question # 8
Which of the following is an example of primary production
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Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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Question # 9
Macroeconomics is concerned with.
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Aggregate economic activity
Spending decisions of households
Hod to produce goods
How tobuy stocks and bonds
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Question # 10
Which one of the NOT a principle of taxation
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Principle of equality
Pricniple of morality
Principleof certainty
Principle of diversity
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Question # 11
10- Rupees note is issued by
Choose an answer
National Bank
State Bank
Govt of Pakistan
Governour State bank
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Question # 12
Base year of Pakistan for natonal accounting is.
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1985-86
1995-96
2005-06
2015-16
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Question # 13
A country does not trade with othr contries is called an economy
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Open
Closed
Independent
None
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Question # 14
State bank was established in .
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1948
1950
1952
1954
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Question # 15
Pakistan per capita income in less than.
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Japan
India
Korea
All
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Question # 16
Banks discout it and advance loans.
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Draft
Bill of exchange
Pay Order
Gold
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Question # 17
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 18
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
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Question # 19
Govt policy about exports and imports is called.
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Monetary policy
Fiscal policy
Commercial Policy
Finance policy
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Question # 20
Undisributed proits are considered.
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Income enrned but not received
Income eearned and received
Income received but not earned
None of the above
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Question # 21
Which is a function of commercial bank
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Acting as a govt. banker
Fixing the exchange rate
Making loans
Issueing bank notes
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