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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Pakistan Per capita income of constnat prics in 2020 is in dollars
Choose an answer
1450
2450
4450
6450
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Question # 2
The largest type of income in the Pakistan is
Choose an answer
Compensation of employees
Rental income
Proprietors income
Coporate profits
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Question # 3
Demand deposite are
Choose an answer
Bank notes
Money
Considered as ner money
Legal money
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Question # 4
Which of the following is an example of primary production
Choose an answer
Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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Question # 5
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
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Question # 6
The highest govt body for economic planig is Pakistan is.
Choose an answer
Planning Council
Planning Board
Planning commission
Planning Department
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Question # 7
Direct taxes are not included in
Choose an answer
DPI
PI
NNP
a and c above
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Question # 8
When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
Choose an answer
0.25
4
0.4
Billion Rupees
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Question # 9
When National income is estimated by expenditue method we include.
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All govt expenditure
All houseolds expenditure
All of the above
All expenditure of the business sector
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Question # 10
The goods which arw used directly by the people are called.
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Consumer goods
Capital good
Direct good
None
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Question # 11
Unemployment tkes place because of.
Choose an answer
High demand for labour
High population growth rate
More exports
Higher education
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Question # 12
Visible goods are recorded int his part of balance of payments account
Choose an answer
Current account
Capital account
Govt account
Official Account
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Question # 13
Working population in Pakistan i in the ratio of total population
Choose an answer
1/3
1/2
1/4
1/5
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Question # 14
Transfer payments include.
Choose an answer
Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
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Question # 15
Central banks rate of lending to commercial banks is called.
Choose an answer
Money rate
Control rate
Intrested rate
Discount rate
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Question # 16
Who is unemployed
Choose an answer
House wife
College Student
Afreshly graduated engineer who is searching for a job
A peer who lives on gifts from murreds
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Question # 17
Circular flow of income links
Choose an answer
Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
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Question # 18
Governmet finance is called.
Choose an answer
National finance
Public finance
Private finance
a and b above
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Question # 19
Under normal circumstances the velocity of circulation of money in a contry is.
Choose an answer
100%
negative
Less than 10
Zero
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Question # 20
Which is considered liablility by a bank
Choose an answer
Loans
Bank building and equipment
Time deposit
Securities
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Question # 21
Demand deposit are
Choose an answer
Money
Bank note
Legal Money
Considered to near money
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