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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which source a private company cannot use?
Choose an answer
A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 2
National Income = Ntional Expenditure is an
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Equation
Identity
Function
None
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Question # 3
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
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Question # 4
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 5
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 6
Profit and losss sharing is basis of finance under this system.
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Islamic
Capitalistic
Socialistic
None
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Question # 7
GNP is
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Total Sales in the economy
Total monetary transactions in an economy
Sum of market values of all goods and services prodcued in an economy
Totla spending in an economy
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Question # 8
Which of the followign tax is best example of ability to pay principle of taxes
Choose an answer
excise tax on cigratettes
Highway tolltax
Personal income tax
Proportional sales tax
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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 largest sector of Pakistan economy
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Transport
Agriculture
Industry
Trade
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Question # 11
It is not a facor of economic development
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Money
Land
Capital
Technology
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Question # 12
There are stock exchange in Pakistan.
Choose an answer
1
3
4
5
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Question # 13
Our exportw mainly counsist of.
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Cotton Product
Machinery
Sports goods
a and c above
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Question # 14
Net Exports are
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Total Exports plus total imports
Total exports minus total imports
Total exports divided by total imports
Total imports minus total exports
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Question # 15
Central banks rate of lending to commercial banks is called.
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Money rate
Control rate
Intrested rate
Discount rate
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Question # 16
Whis is the largest figure
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NNP
GNP
DPI
PI
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Question # 17
First women bank is
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Govt Bank
Privat bank
Non Scheduled bank
Investment Bank
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Question # 18
Total value fo all final goods and services produced annually by a country.
Choose an answer
NNP
GNP
GDP
NI
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Question # 19
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
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Question # 20
Total number of branches of Pakistani banks is approximately
Choose an answer
5000
10000
15000
20000
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