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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Which type of card is not issued by central banks
Choose an answer
Credi card
Debit card
ATM Card
None is issued by it
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Question # 2
It is avoided to make correct estimate of national income.
Choose an answer
Free services
Double counting
Export earnings
All of the above
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Question # 3
Pakistan exports as percentage GDP are.
Choose an answer
4%
8%
12%
16%
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Question # 4
In Pakistan Income tax is
Choose an answer
Progressive tax
Regressive tax
Proportional tax
Fixed tax
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Question # 5
Demand deposite mean
Choose an answer
Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 6
Exports of goods is called trade in
Choose an answer
Visible good
Invisibel goods
Basic goods
None real goods
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Question # 7
Whis is the most widely used tool of monetary policy
Choose an answer
Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 8
Litracy rate is lower in
Choose an answer
Males
Females
Urban Areas
B and C above
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Question # 9
Public spending on health is
Choose an answer
Less than 1%
More than 1 but less than 2%
More than 2 but less than 3%
More than 3
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Question # 10
Under normal circumstances the velocity of circulation of money in a contry is.
Choose an answer
100%
negative
Less than 10
Zero
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Question # 11
Short term loans can be obtained in.
Choose an answer
Money market
Capital market
Exchange market
Stock Market
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Question # 12
MPC is always.
Choose an answer
Positive
Negative
Zero
More then APC
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Question # 13
National income is a measure of
Choose an answer
The zise of government revenue
Payments made to facor of production
Production f goods per day
Total working hours
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Question # 14
Largest Sector of Pakistan economy is.
Choose an answer
Agriculture
Industry
Transport
Services
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Question # 15
Which statment is true
Choose an answer
NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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Question # 16
The money called legal tender includes.
Choose an answer
Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 17
Visible goods are recorded int his part of balance of payments account
Choose an answer
Current account
Capital account
Govt account
Official Account
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Question # 18
Govt policy about exports and imports is called.
Choose an answer
Monetary policy
Fiscal policy
Commercial Policy
Finance policy
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Question # 19
The highest govt body for economic planig is Pakistan is.
Choose an answer
Planning Council
Planning Board
Planning commission
Planning Department
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Question # 20
Life expectancy in Pakistan is
Choose an answer
Less than 60 years
Betwene 60 and 70 years
Between 70 and 80 years
More than 80 years
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Question # 21
The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.
Choose an answer
6%
9%
12%
15%
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