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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which of the following compares everage pricw of exports to avarage Price of imports.
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Balance of payments
Balance of trade
Terms of trade
Exchange of rate
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Question # 2
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 3
This is a characteristic of good money
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High intrinsic value
Liquidity
Attractive design
Easy to duplicate
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Question # 4
Medium term plan covers
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Less than 2 years
3 to 5 years
5 to 10 years
10 to 15 years
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Question # 5
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 6
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 7
Transfer payments means
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Bank loans
The payment without work
Tax payments
Payments made to all factors of production
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Question # 8
Marginal propensity to consume MPC is.
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Total income spent on consumption
Ratio of additionalincome consumed
Ratio of total income consumed
Consumption divided by saving
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Question # 9
The lower literacy rate in females is due to.
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Lack of access to educational institutions
Parental ignorance
Discriminatory socialnorms
all of the above
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Question # 10
The largest type fo in come in the Pakistan is
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Compensation of employees
Propretors income
Rental income
Corporate profits
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Question # 11
Pursching power of money during defiation is.
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Increased
Reduced
Constant
Fluctuating
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Question # 12
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 # 13
National Bank of Pakistan was established in
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1949
1959
1960
1979
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Question # 14
Pakistan's domestic saving rate is
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2%
7%
17%
27%
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Question # 15
This is a difficulty of barter
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Lack of double coincidence of wants
Diffculty to produce goods at larger scale
Lack of divisiblility of many goods
All of the above
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Question # 16
Unemployment due to mechanizatin of agriculture is.
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Seasonal
Structural
Industrial
Personal
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Question # 17
Which of the following is a withdrawal from the circular flow of income stream.
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Taxation
Consumption
Subsides
Investment
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Question # 18
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 19
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 20
GDP atconstnat prices, calculated according to some base year is called.
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acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 21
If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.
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Capital account
Visible balnce
Invisible balnce
Official financing
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