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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Pursching power of money during defiation is.
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Increased
Reduced
Constant
Fluctuating
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Question # 2
Balance of payment of a country has major parts.
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2
3
4
5
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Question # 3
In the world population wise Pakistan is
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4th
5th
7th
10th
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Question # 4
Which is considered liablility by a bank
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Loans
Bank building and equipment
Time deposit
Securities
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Question # 5
When the country development
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Per capita incoe rises
Specialization increases
Urbanization rises
All of the above
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Question # 6
Economic Development
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Is the same as economic growth
Means improvement in lifestyle
Exists when there is equal distributio of income
All of the above
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Question # 7
When a commercial bank creaes credite. Its immediate effect is tha tit raises.
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The exchange rate
The money supply
The interest rate
The real national income
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Question # 8
Contribution of Industrial sector in Pakistan economy is.
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24%
24%
14%
Less than 10%
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Question # 9
Transfer payments include.
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Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
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Question # 10
A TV set purchased from a retail store is an example of.
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Final goods
Surplus goods
Capital goods
Intermediate goods
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Question # 11
Whcih type of card is not issued by commmercial banks
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Credit card
Green card
ATM Card
Debit card
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Question # 12
It creates difficulties in measuremtn of national income of Pakistan
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Low literacy rate
Parliamentary form of Govt
Huge imports
High Taxes
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Question # 13
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 14
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 # 15
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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Question # 16
If you borrow from a bak the amount which the bank charges is called.
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Interest rate
tax rate
discount rate
Market rate
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