Question # 1

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

National Bank of Pakistan was established in

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1949

1959

1960

1979

Foreign Trade are

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Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

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

If govermment increases taxes pivate savings.

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Increase

Decrease

Do not change

Will become zero

In calculating national income which one will NOT be included.

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Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

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

According to Malthus Population increases by Pogression of kind

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Systematic

Arithmetic

Geometric

Automatic

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

Life expectency in Pakistan is

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57

67

77

87

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

Pakistan started its first five year plan in

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1947

1950

1955

1960

Commercial bank in Pakistan are supervised by

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State Bank

National Bank

Finance Minister

World Bank

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

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

Banks discout it and advance loans.

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Draft

Bill of exchange

Pay Order

Gold

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

Union leaders are in a better position to bargain for higher wages if labour demand is.

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Elastic

Inelastic

Very large

Permanent

Credit money is controlled by

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Central bank

Market forces

Commercial Bank

Government

Many People do not send their children to schools because of

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Their own illiteracy

Harsh teahers

Poverty

All of the above

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