Question # 1

The most important source of income of a goernemnt is.

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Foreign loans

Taxes

Printing of new money

Sale of governemnt property

Oneof he following is NOT a feature of private finance.

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Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

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

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

Which of the following would increase national income.

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Increase in taxation

incerese in savings

Increase in govt spending

Decrease in consumption spending

IMF Means

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International Monetary Funds

Inernational Money Flow

International Money Forum

Internaional Monetary finance

Productive of labour can be increases by

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Raising minimum wages

Raising avarege wages

Increaseing skills of workers

All of the above

We measure natonalincome by this method.

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Expenditure method

Income method

Product method

As of the above

They are NOT much affected by rising prices.

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Salaried persons

Business

Debtors

Importers

Short term loans can be obtained in.

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Money market

Capital market

Exchange market

Stock Market

It helps countries to meet deficit in balcne of payments.

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IMF

WTO

World Bank

UNO

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

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

Prograssive taxes

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Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

Marginal propensity to consume MPC is.

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Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

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