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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
National Income = Ntional Expenditure is an
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Equation
Identity
Function
None
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Question # 2
Life expectency in Pakistan is
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57
67
77
87
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Question # 3
National Bank is.
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Public Sector bank
Private Bank
Microfianace bank
Specialised bank
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Question # 4
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 5
Which one is investment in economics
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Building a factory
Buyig shares in stock exchange
Depositing money in bank
Deposting money wiht housing society
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Question # 6
Demand depostis are.
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Money
Banks notes
Legal money
Considerd and near money
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Question # 7
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 8
Whcih organisation controls the banking system to most countries.
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Central Bank
Commercial bank
Investment bankWorld bank
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Question # 9
Every country establishes centralbank to
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Issue notes
Supervise commerical bank
Giveloans to businessmen
a and b of above
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Question # 10
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 11
In 2018 Pkistan's total population stands approximately at
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11 cores
21 cores
31 cores
41 cores
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Question # 12
According to Keynes people demand money for purposes .
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1
2
3
4
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Question # 13
It is considred as transfer payments
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Salaries of govet emplyees
Bonus of bank employees
Inemployment allowance paid by govt
Free medical are to offers.
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Question # 14
It is duducted from GNP to find NNP
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Saving
Direct taxes
Depreciatin allowance
Subsidies
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Question # 15
Pakistan exports as percentage GDP are.
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4%
8%
12%
16%
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Question # 16
Which is likely to be higher in a developing country like Pakistan.
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Birth Rate
GDP per head
Life expeciancy
Net investment per head
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Question # 17
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 18
Who is unemployed
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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 # 19
The bank can give loans
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Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 20
Paper money in Pakistan is
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Inconvertible
Convertible
Linked to gold
None of the above
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Question # 21
Gross nationa product includes
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A loan from one's parents
A loan from a domestic bank
A loan from other countries
None of theabove
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