Question # 1

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

Rupee is a coin

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Full value

Token money

Credite money

Convertible

Total value fo all final goods and services produced annually by a country.

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NNP

GNP

GDP

NI

10- Rupees note is issued by

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National Bank

State Bank

Govt of Pakistan

Governour State bank

An asset is liquid when it is

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Being traded frequnetly

Earning a good rate of return

Is money or easily converted into money

All of the above

If govermment increases taxes pivate savings.

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Increase

Decrease

Do not change

Will become zero

Banks discount it and adance loans.

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Draft

Bill of Exchange

pay order

Gold

Governmet finance is called.

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National finance

Public finance

Private finance

a and b above

In erms of national income accounts, multiple counting efers to.

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The addition to GNP of multiple units of a good

Counting cureently producedgoods more than once

The inclusion in GNP of gross spending and taxes

Counting both goods and services

Who is unemployed

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House wife

College Student

Afreshly graduated engineer who is searching for a job

A peer who lives on gifts from murreds

Which is the sourceof interest for a bank

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Advances

Bills discounted

Investments

All

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

Aggregate demand means.

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Aggregate saving

Aggregate Income

Aggregate investment

Aggregate expenditure

For the economy prices are beneficial

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Falling slowly

Rising slowly

Rising fast

Falling fast

It is assumption of quantity theory of money

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Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

Which is considered liablility by a bank

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Loans

Bank building and equipment

Time deposit

Securities

A country does not trade with othr contries is called an economy

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Open

Closed

Independent

None

Market value of all final goods and services produced in a country during a year is definition

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GNP

NNP

NI

Consumption

Life expectency in Pakistan is

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57

67

77

87

PI is equivalent to

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DPI Minus personal taxes

DIP Plus unerned receipts

DPI Minus income earned but not received

NI plus unearned receipts minus personal taxes

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

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