Question # 1

Foreign Trade

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Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

National Income = Ntional Expenditure is an

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Equation

Identity

Function

None

This is a characteristic of good money

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High intrinsic value

Liquidity

Attractive design

Easy to duplicate

Which of the following is a withdrawal from the circular flow of income stream.

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Taxation

Consumption

Subsides

Investment

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

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Govt. taxatio and spending policieis are called.

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Fiscal policy

Monetary policy

Commercial policy

Finance policy

IMF has given loan to Pakistan. It wilimprove Pakistan's

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Current account

Capital Account

Overall balance of payments

B and c above

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

The quantity demanded of money rises.

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As the intrest rate falls

As the intrest rate rises

As the supply of money falls

As the number of banks rises

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

In GNP of pakistan rises. It will encourage

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Exports

Imports

Both

None

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