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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
It is transfer payment
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Payment o college tuition
A social securiy payment
Payment for a leased car
Intrest paid for a bank loan
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Question # 2
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 3
Pakistan Per capita income of constnat prics in 2020 is in dollars
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1450
2450
4450
6450
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Question # 4
According to Keynes people demand money for purposes .
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1
2
3
4
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Question # 5
When the country development
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Per capita incoe rises
Specialization increases
Urbanization rises
All of the above
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Question # 6
Which source a private company cannot use?
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A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 7
Pursching power of money during defiation is.
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Increased
Reduced
Constant
Fluctuating
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Question # 8
The government spends on education percentage of GDP
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2
6
8
10
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Question # 9
Every country establishes central bank to
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Issue currency
To establish commercial bank
Toprepare governemnt budget
All of the of above
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Question # 10
State bank was established in .
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1948
1950
1952
1954
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Question # 11
Exchange rate for currencies is determined by supply and demand in system of.
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Fixed exchange
flexible
Constatn
Regulated
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Question # 12
Working population in Pakistan i in the ratio of total population
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1/3
1/2
1/4
1/5
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Question # 13
Progressive taxes
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Incereasegovernemnt revenue
Bring equality in distributio nof incomes
Act as panality for rich people
a and b of above
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Question # 14
Life expectancy in Pakistan is
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Less than 60 years
Betwene 60 and 70 years
Between 70 and 80 years
More than 80 years
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Question # 15
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 16
Which of the following is a withdrawal from the circular flow of income stream.
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Taxation
Consumption
Subsides
Investment
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Question # 17
Govt. transfer payment include
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Social security benefits
Welfare benefits
Student scholarships
All of the above
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Question # 18
Which statemetn is true of the relationship betwene bond prices and bond yields.
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They very invesrsely
They are not related
They tool very directly
They are related in long run and not in the short run
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Question # 19
In the equation MV =Py. V represents
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Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 20
Two countries can gain from foreign trade if
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Cost ratios are differnet
Traiff rates are different
Price ratios are different
a and c above
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Question # 21
When economic development takes place
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Market imperfections increase
Population increases
Capital stock increases
B and C above
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