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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Pakistan Started its planning expence with
Choose an answer
Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 2
Exchange rate for currencies is determined by supply and demand in system of.
Choose an answer
Fixed exchange
flexible
Constatn
Regulated
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Question # 3
The Government can colect funds from
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Taxes
Fees
Prices of public goods
All the three
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Question # 4
Which of the followign is not included in personali income
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Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 5
In foreign trde protection policy means.
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Restrictions on imports
Restrictions on exports
Restriction on transfer of foreign exchagne
All of the above
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Question # 6
This is a difficulty of barter
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Lack of double coincidence of wants
Diffculty to produce goods at larger scale
Lack of divisiblility of many goods
All of the above
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Question # 7
Value of money and supply of money are related.
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Inversely
Directly
Govt.Law
Are not related
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Question # 8
The most important source of income of a goernemnt is.
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Foreign loans
Taxes
Printing of new money
Sale of governemnt property
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Question # 9
Which statment is true
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NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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Question # 10
Mobility of labour
Choose an answer
Increases efficiency of labour
Spolic labour
Incrresases division of labour
a and c above
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Question # 11
Environment includes.
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Ecosystem
Wildlife
Forests
All of the above
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Question # 12
The bank established for loans to very small enterprises is called.
Choose an answer
Micro Finance Bank
Modarba Bank
SME bank
Firs Mini Bank
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Question # 13
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
Choose an answer
0
5 m
10 m
25 m
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Question # 14
Speculative demand for money depends upon
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Income
Investment
Rate of Interest
Central bank
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Question # 15
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 # 16
Open Market Operations is
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Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
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Question # 17
If we put this letter in the blank space we get quantity theory of money PY =M
Choose an answer
S
T
V
A
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Question # 18
Private sector participation is expending in.
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Education
Health
Environment
a and b of the above
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Question # 19
Unemployment rate in Pakisan is
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6%
16%
20%
More than 20%
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Question # 20
The largest type of income in the Pakistan is
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Compensation of employees
Rental income
Proprietors income
Coporate profits
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Question # 21
Largest Sector of Pakistan economy is.
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Agriculture
Industry
Transport
Services
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