Question # 1

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

It creates credit

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Central Bank

Commercial Bank

Government

Stock exchange

GDP atconstnat prices, calculated according to some base year is called.

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acutal GDP

Real GDP

Net GDP

Nominal GDP

Ric countries have deficit in their balance of payments

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Some times

Never

Atternatee years

Always

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

Invisible items in balce of payments include.

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Foreign remittances

Income from tourism

Internet charges

All the three

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

Pakistan is an economy

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Developing

Developed

Fast growing economy

a and c above

Nationalisation of banks was done in

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1974

1976

1978

1980

If C= 200 and I= 40 Than Y will equal

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160

240

200

8000

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

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

Value of money means

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General purchasing power of money

Gold purchased by money

Demand for money

Importance of money

To determine the correct level of GNP ,it is necessary to.

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

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

It would increase the lvel of national income.

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An increase in taxation

A reduction in governmnet spending

An increase in exports

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Unemployment tkes place because of.

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High demand for labour

High population growth rate

More exports

Higher education

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

State bank was established in .

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1948

1950

1952

1954

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