Question # 1

This is a difficulty of barter

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Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

The most important source of income of a goernemnt is.

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Foreign loans

Taxes

Printing of new money

Sale of governemnt property

It Japan and Pakistan start free trade differene in wges in two counties will

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Increase

Decrease

Double

No effect

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

State bank was established in .

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1948

1950

1952

1954

Direct taxes are not included in

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DPI

PI

NNP

a and c above

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

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

Productive of labour can be increases by

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Raising minimum wages

Raising avarege wages

Increaseing skills of workers

All of the above

Net exports equal

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Exports x imports

Exports + imports

exports- imports

None of the above

Monetary pollicy has the objective

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Decrease unemployment rate

Decrease tax rate

Decreases inflation rate

a and c of the above

Which type of cheque is least safe for transfer of money

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Bearer cheque

Traveller cheque

Order cheque

Cross cheque

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

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

If indirect taxes are deducted from NNP and subsidies are added. we achieve

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Personla savings

DPI

National Income

Percapita inocme

Ric countries have deficit in their balance of payments

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Some times

Never

Atternatee years

Always

It is NOT an instrument of monetary policy

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Bank rate

Open market operations

Change in resere rato

Issure notes

Cash cannot be directly obtaines from a bank against

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Cross cheque

Order cheque

bearer cheque

Traveller cheque

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Out of the following the only reconised legal lender is.

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Bank notes

Cheque

Draft

Credite card

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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