ICS Part 2 Economics English Medium Online Test With Answers

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ICS Part 2 Economics English Medium Online Test

Sr. # Questions Answers Choice
1 When economic development takes place. Market imperfections increase Population increses Capital stock increases All of the above
2 When economic development takes place Market imperfections increase Population increases Capital stock increases B and C above
3 We can increase rate of economic growth in Pakistna if we icrease. Investment Population Imports taxes
4 Economic planning in Pakistan started During 1950s During 1960s During 1970s During 1980s
5 When the country development Per capita incoe rises Specialization increases Urbanization rises All of the above
6 The highest govt body for economic planig is Pakistan is. Planning Council Planning Board Planning commission Planning Department
7 Pakistan needs Economic planning Population Planning Educational Planning All of the above
8 Measurement of economic development is based on. Monetary income Real Income Future income Permenent Income
9 It is not a facor of economic development Money Land Capital Technology
10 Economic Development Is the same as economic growth Means improvement in lifestyle Exists when there is equal distributio of income All of the above
11 Which is likely to be higher in a developing country like Pakistan. Birth Rate GDP per head Life expeciancy Net investment per head
12 The largest sector of Pakistan economy Transport Agriculture Industry Trade
13 Contribution of Industrial sector in Pakistan economy is. 24% 24% 14% Less than 10%
14 Pakistan is an economy Developing Developed Fast growing economy a and c above
15 Our exportw mainly counsist of. Cotton Product Machinery Sports goods a and c above
16 Contribution of agriculture in Pakistan's national income is 19% 29% 39% 49%
17 Pakistan started its first five year plan in 1947 1950 1955 1960
18 Commodity sector contributes to national income of Pakistan. 40% 50% 60% 70%
19 The largest share in Pakistan's GNP is that of. Services Industry Agriculture Banking
20 This steps will increase investment in Pakistan. Increse taxes Increase population Increase investment rate Decrease intrest rate
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