Question # 1

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

The bank can give loans

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Unlimited

Equal to deposites

less than deposits

More dhan deposits

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

The most importnat fature of money

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General acceptability

Store of value

Covertibility into gold

Medium of exchange

Which statment is true

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National Income = Naional expenditure - indirettaxes

N1 =GNP -NNP

N1 =P1

NI =NNP-Indirect taxes

Labour includes

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The inventor

The innovator

The unskilled worker

All of the above

Progressive taxes

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Incereasegovernemnt revenue

Bring equality in distributio nof incomes

Act as panality for rich people

a and b of above

It is not a facor of economic development

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Money

Land

Capital

Technology

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

Quantity of oney has relation with alue of money

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Direct

Indirect

Inverse

No relation

Every country establishes centralbank to

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Issue notes

Supervise commerical bank

Giveloans to businessmen

a and b of above

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

Which statemetn is true of the relationship betwene bond prices and bond yields.

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They very invesrsely

They are not related

They tool very directly

They are related in long run and not in the short run

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

Literacy rate in Pakistan is.

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40%

50%

60%

70%

We measure natonalincome by this method.

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Expenditure method

Income method

Product method

As of the above

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

Visible goods are recorded int his part of balance of payments account

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Current account

Capital account

Govt account

Official Account

Country is poor if it has.

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Less production of gods per capita

Less amount of gold

Less amout of foreign currency

Less exports

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