Question # 1

In equilibrium of nationalincome.

Choose an answer

S > I

S = I

S < I

All are true

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

Choose an answer

The exchange rate

The money supply

The interest rate

The real national income

It is direct tax

Choose an answer

Excise tax

Sales tax

Income tax

Custom duty

It is included in kind of money

Choose an answer

Legal money

Credit money

Taken money

All of the above

The largest type fo in come in the Pakistan is

Choose an answer

Compensation of employees

Propretors income

Rental income

Corporate profits

The have a functional relation

Choose an answer

Consumption and national income

Consumption and saving

Consumption and investment

All of the above

An asset is liquid when it is

Choose an answer

Being traded frequnetly

Earning a good rate of return

Is money or easily converted into money

All of the above

All are advantages of oreign trade Except.

Choose an answer

People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

Which of the following is an example of primary production

Choose an answer

Production of computer

Farmer grwoing wheat

Opening of new school

House wife bakes a cakes

A closed economy is best described as one in which

Choose an answer

thre are no monopolies

No corporations

No extemalities

No international trade

The largest part of national income goes to

Choose an answer

Consumption

Investment

Saving

Transfer payment

It is NOT an instrument of monetary policy

Choose an answer

Bank rate

Open market operations

Change in resere rato

Issure notes

National Bank is.

Choose an answer

Public Sector bank

Private Bank

Microfianace bank

Specialised bank

GNP is

Choose an answer

Total Sales in the economy

Total monetary transactions in an economy

Sum of market values of all goods and services prodcued in an economy

Totla spending in an economy

Barter means.

Choose an answer

Trade through metallic money only

Trade of goods ony excluding services

Trade without use of money

Trade of low value goods only

When value of money falls, they benefits more

Choose an answer

Debtors

Lenders

Farmers

Industrialist

In calculating national income which one will NOT be included.

Choose an answer

Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

Short term loans can be obtained in.

Choose an answer

Money market

Capital market

Exchange market

Stock Market

Drung inflation

Choose an answer

Lenders lose borrowers gain

Borrowers and lenders both ose

Borrows lose lenders gain

All sections of the society gain

Paper money in Pakistan is

Choose an answer

Inconvertible

Convertible

Linked to gold

None of the above

Treasury bill is used for

Choose an answer

Getting short term loans by central bank

Getting long term loans

Collecting govt. taxes

Make payments of utility bills

More Classes

Other Links

Economics Ics Part 2 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer