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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Commercial bank in Pakistan are supervised by
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State Bank
National Bank
Finance Minister
World Bank
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Question # 2
The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.
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6%
9%
12%
15%
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Question # 3
According to Keynesmotives for holding money are.
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Two
Three
Four
Five
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Question # 4
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 5
If a person is more intrested to earn income he shud deposit his money in
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Demand deposits
Time deposit
Saving account
Profit loss account
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Question # 6
Unemployment rate in Pakisan is
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6%
16%
20%
More than 20%
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Question # 7
The Government can colect funds from
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Taxes
Fees
Prices of public goods
All the three
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Question # 8
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 9
State bank of Pakistan is run by
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Board of directors
Board of managers
Board of govenors
Board of bankers
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Question # 10
Central banks rate of lending to commericalbanks is called.
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Interest rate
Discount rate
Money rate
Inflation rate
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Question # 11
National Income is.
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Total Income earned in producing the national product
All taxes plus govt. spending
Sum of personal income and saving
NNP minus the capital consumption allowance
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Question # 12
State Bank was established in
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1948
1950
1952
1954
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Question # 13
A closed economy is best described as one in which
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thre are no monopolies
No corporations
No extemalities
No international trade
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Question # 14
In erms of national income accounts, multiple counting efers to.
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The addition to GNP of multiple units of a good
Counting cureently producedgoods more than once
The inclusion in GNP of gross spending and taxes
Counting both goods and services
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Question # 15
The countribution of industrial section our GDP is.
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10%
20%
30%
40%
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Question # 16
Whcih is the mot widely used tool of monetary policy
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Open market operations
Issuing of notes
Discount rate
Cleaning house
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Question # 17
A skilled worker is an example of.
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Scarcity
An entrepreneur
The labour input
a and c above
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Question # 18
The money called legal tender includes.
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Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 19
The equation of exchange PT =MV was given by
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Fisher
Crowther
Kuznet
Keynes
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Question # 20
National Income = Ntional Expenditure is an
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Equation
Identity
Function
None
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Question # 21
The largest type fo in come in the Pakistan is
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Compensation of employees
Propretors income
Rental income
Corporate profits
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