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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 2
The four factor payments are.
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Money, Capital, salaries, and income
Wages, rent internest and profts
Money, power, Prices, and wwalth
Wags, intrest, salareis,andtaxes.
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Question # 3
This steps will increase investment in Pakistan.
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Increse taxes
Increase population
Increase investment rate
Decrease intrest rate
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Question # 4
Which of the following is a withdrawal from the circular flow of income stream.
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Taxation
Consumption
Subsides
Investment
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Question # 5
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 # 6
Which is not a Function of money
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Make demand and supply equal
Medium of exchange
Store of value
Meaasure of value
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Question # 7
Which measure has the larger value .
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NNP
GNP
GDP
NI
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Question # 8
Which is considered liablility by a bank
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Loans
Bank building and equipment
Time deposit
Securities
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Question # 9
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
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Question # 10
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 11
Balance sheet of a bank has two parts
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Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 12
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 13
Two countries can gain from foreign trade if
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Cost ratios are differnet
Traiff rates are different
Price ratios are different
a and c above
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Question # 14
Govt. prepares its budget
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Weekly
Montly
Quarterly
Annually
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Question # 15
When the country development
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Per capita incoe rises
Specialization increases
Urbanization rises
All of the above
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Question # 16
Circular flow of income links
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Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
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Question # 17
Governmet finance is called.
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National finance
Public finance
Private finance
a and b above
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Question # 18
Foregn trade creates among countries.
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Conficits
Cooperation
Hatred
None
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Question # 19
The bank established for loans to very small enterprises is called.
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Micro Finance Bank
Modarba Bank
SME bank
Firs Mini Bank
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Question # 20
Pakistan Started its planning expence with
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Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 21
When value of money falls, they benefits more
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Debtors
Lenders
Farmers
Industrialist
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