Question # 1

It is duducted from GNP to find NNP

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Saving

Direct taxes

Depreciatin allowance

Subsidies

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

Visible imports include.

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Remittance

Machinery

Computer Software

Transport cost

In Pakistan money a account is

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Paisa

Rupee

Gold

Dollar

Commercial bank in Pakistan are supervised by

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State Bank

National Bank

Finance Minister

World Bank

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

Life expectency in Pakistan is

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57

67

77

87

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

Exports of goods is called trade in

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Visible good

Invisibel goods

Basic goods

None real goods

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

All labour is

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Homogeneious

Heterogenecous

Lazy

Intelligent

Under normal circumstances the velocity of circulation of money in a contry is.

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100%

negative

Less than 10

Zero

Measurement of economic development is based on.

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Monetary income

Real Income

Future income

Permenent Income

Cash cannot be directly obtaines from a bank against

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Cross cheque

Order cheque

bearer cheque

Traveller cheque

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

In Pakistan, taxes are leived by

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Prime Minister of Pakistan

President of Pakistan

Federal cabinet of ministers

National Assembly

Rupee is a coin

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Full value

Token money

Credite money

Convertible

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

This is a characeristics of good money

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High intricnsic value

General acceptability

Atractive design

Easy of duplicate

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