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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
National Bank of Pakistan was established in
Choose an answer
1949
1959
1960
1979
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Question # 2
When value of money falls, they benefits more
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Debtors
Lenders
Farmers
Industrialist
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Question # 3
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 4
If govermment increases taxes pivate savings.
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Increase
Decrease
Do not change
Will become zero
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Question # 5
Acting as lender of last resort a central bank lends to.
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Commercial Bank
Stock exchange
Money markets
Does not lend
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Question # 6
A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
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25 m
10 m
5 m
0 m
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Question # 7
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 # 8
It is NOT an instrument of monetary policy
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Bank rate
Open market operations
Change in resere rato
Issure notes
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Question # 9
All labour is
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Homogeneious
Heterogenecous
Lazy
Intelligent
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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
Demand deposit are
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Money
Bank note
Legal Money
Considered to near money
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Question # 12
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 13
Value of money in pakistan in determined by
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Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
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Question # 14
Pakistan exports as percentage GDP are.
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4%
8%
12%
16%
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Question # 15
In circular flow model
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Govt. owns productive resources
Firms own productive resources
Households own productive resorces
Rent of land is not included
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Question # 16
IMF Means
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International Monetary Funds
Inernational Money Flow
International Money Forum
Internaional Monetary finance
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Question # 17
Exports of goods is called trade in
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Visible good
Invisibel goods
Basic goods
None real goods
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Question # 18
Public spending on health is
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Less than 1%
More than 1 but less than 2%
More than 2 but less than 3%
More than 3
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Question # 19
Which of the following is an example of primary production
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Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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Question # 20
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 # 21
Profit and losss sharing is basis of finance under this system.
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Islamic
Capitalistic
Socialistic
None
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