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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Which is a monetary measure to increase employment.
Choose an answer
Increase in govt expenditure
Reduce govt expenditure
Increase in interest rate
Reducing intrest rate
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Question # 2
State Bank policy of regulating intrst rate is called.
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Monetary policy
Commerical policy
Banking policy
Fiscal policy
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Question # 3
The largest type of income in the Pakistan is
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Compensation of employees
Rental income
Proprietors income
Coporate profits
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Question # 4
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
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0
5 m
10 m
25 m
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Question # 5
In Pakistan, taxes are leived by
Choose an answer
Prime Minister of Pakistan
President of Pakistan
Federal cabinet of ministers
National Assembly
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Question # 6
It is transfer payment
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Payment o college tuition
A social securiy payment
Payment for a leased car
Intrest paid for a bank loan
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Question # 7
If we include it. national income will be over estimated
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Transfer payment
Income from abroad
Illegal income
Exports
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Question # 8
The four factor payments are.
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Money, Capital, salaries, and income
Wages, rent internest and profts
Money, power, Prices, and wwalth
Wags, intrest, salareis,andtaxes.
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Question # 9
People do not care for environmetn problems because of.
Choose an answer
Lack of education
Fear of taxes
Proverty
a and c of the above
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Question # 10
When economic development takes place.
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Market imperfections increase
Population increses
Capital stock increases
All of the above
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Question # 11
Consumption spending does NOT include.
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Household's purchases of clothes
Household's purchase of a car
Household's paymnet of rent for an apartment
Household's purchase of shares of a business corporation
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Question # 12
Total number of branches of Pakistani banks is approximately
Choose an answer
5000
10000
15000
20000
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Question # 13
Flxible exchange rate sytem has the advantage.
Choose an answer
Automatic adjustment of balcne of payments
Easy to borrow form world bank
Encouragds exports
None of the above
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Question # 14
National Bank is.
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Public Sector bank
Private Bank
Microfianace bank
Specialised bank
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Question # 15
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 16
All are advantages of oreign trade Except.
Choose an answer
People get foreign exchange
Difference in politicla system
Difference in markets
Difference in ideology
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Question # 17
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 # 18
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 # 19
According to Malthus Population increases by Pogression of kind
Choose an answer
Systematic
Arithmetic
Geometric
Automatic
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Question # 20
It is considered as investment
Choose an answer
Construction of a house
Purchase of an old house
Salaries of college professors
a and b above
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Question # 21
What would encorage trade betwene two countries.
Choose an answer
Reduced tariffs
Quality control
Differente tax system
Fixing import quotes
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