Question # 1

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

The bank can give loans

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Unlimited

Equal to deposites

less than deposits

More dhan deposits

National Income is.

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Total Income earned in producing the national product

All taxes plus govt. spending

Sum of personal income and saving

NNP minus the capital consumption allowance

The receipt of payments for goods exported and imported are counted in .

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Capital Account

Trade Account

Current account

Monetary account

Commercial banks are able to create money by

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Making loans

Printing Money

Moral suasion Selling government loans

Printing money

National Income = Ntional Expenditure is an

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Equation

Identity

Function

None

Acting as lender of last resort a central bank lends to.

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Commercial Bank

Stock exchange

Money markets

Does not lend

Nationalisation of banks was done in

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1974

1976

1978

1980

If indirect taxes are deducted from NNP and subsidies are added. we achieve

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Personla savings

DPI

National Income

Percapita inocme

Measurement of economic development is based on.

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Monetary income

Real Income

Future income

Permenent Income

Forest in Pakistan are decreasing beacause.

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Populaton pressure

Poor consercation clanning

Climateic changes

All of the above

The money called legal tender includes.

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Currency notes and credit cards

Currency notes and bank deposits

Currency notes and coins

Currency notes and cheques

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

Pakistan's domestic saving rate is

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2%

7%

17%

27%

Union leaders are in a better position to bargain for higher wages if labour demand is.

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Elastic

Inelastic

Very large

Permanent

National Bank is.

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Public Sector bank

Private Bank

Microfianace bank

Specialised bank

Balance sheet of a bank has two parts

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Supply and demand for deposits

Supply and demand of Advances

Assests and liablilities

Cash Reserves and loans

Environment includes.

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Ecosystem

Wildlife

Forests

All of the above

Visible exports include

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Remittance

Computer Hardware

Computer software

Transport cost

Foreign Trade

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Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

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