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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Rupee is a coin
Choose an answer
Full value
Token money
Credite money
Convertible
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Question # 2
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 3
What would encorage trade betwene two countries.
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Reduced tariffs
Quality control
Differente tax system
Fixing import quotes
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Question # 4
Working population is percent of total population of Pakistan.
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23%
33%
43%
53%
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Question # 5
Pakistan exports as percentage GDP are.
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4%
8%
12%
16%
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Question # 6
In equilibrium of nationalincome.
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S > I
S = I
S < I
All are true
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Question # 7
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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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
The goods which arw used directly by the people are called.
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Consumer goods
Capital good
Direct good
None
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Question # 10
Commercial banks are able to create money by
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Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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Question # 11
10-Rupees note is issued by
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National Bank
State Bank
Govt. of Pakistan
Governer State bank
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Question # 12
Infrant mortality rate in Pakistanis.
Choose an answer
45
65
85
105
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Question # 13
In 2018 Pkistan's total population stands approximately at
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11 cores
21 cores
31 cores
41 cores
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Question # 14
Govt policy about exports and imports is called.
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Monetary policy
Fiscal policy
Commercial Policy
Finance policy
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Question # 15
What would encourage trade betwene two countries.
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Different tax system
Frontier checks
National currencies
Reduce traiff
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Question # 16
Invisible items in balce of payments include.
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Foreign remittances
Income from tourism
Internet charges
All the three
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Question # 17
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 18
Which of the followign tax is best example of ability to pay principle of taxes
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excise tax on cigratettes
Highway tolltax
Personal income tax
Proportional sales tax
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Question # 19
Net Exports are
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Total Exports plus total imports
Total exports minus total imports
Total exports divided by total imports
Total imports minus total exports
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Question # 20
Central banks rate of lending to commercial banks is called.
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Money rate
Control rate
Intrested rate
Discount rate
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Question # 21
Which statment is true
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NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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