Question # 1

Pakistan Importss some goods and exports other goods primarily because of.

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Free goods

Comparative advantage

Unemployment

Self Sufficiency

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

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

InPakistan government budget is prepared by

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National Assembly

Presidnet of Pakistan

Ministry of Finance

State Bank of Pakistan

Union leaders are in a better position to bargain for higher wages if labour demand is.

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Elastic

Inelastic

Very large

Permanent

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

National Income is.

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Total Income earned in producing the national product

All taxes plus govt. spending

Sum of personal income and saving

NNP minus the capital consumption allowance

IMF has given loan to Pakistan. It wilimprove Pakistan's

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Current account

Capital Account

Overall balance of payments

B and c above

Velocity of circulation of money means.

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Total demand for money

Annual increase in currency notes

Number of timesa unit of money changes hands

total supoly of money

According to Keynes people demand money for purposes .

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1

2

3

4

It increses rae of capita formation

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Less saving

New Technology

Rapid Population growth

High Intrest

In erms of national income accounts, multiple counting efers to.

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The addition to GNP of multiple units of a good

Counting cureently producedgoods more than once

The inclusion in GNP of gross spending and taxes

Counting both goods and services

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

Marginal propensity to consume MPC is.

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Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

According to keynes demand for money is affected by

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Income

Rate of intest

Literacy rate

a and b of above

Cash cannot be directly obtaines from a bank against

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Cross cheque

Order cheque

bearer cheque

Traveller cheque

Largest Sector of Pakistan economy is.

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Agriculture

Industry

Transport

Services

Market value of all final goods and services produced in a country during a year is definition

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GNP

NNP

NI

Consumption

Undisributed proits are considered.

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Income enrned but not received

Income eearned and received

Income received but not earned

None of the above

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