Question # 1

Threre are methods of measurieng natinal income

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5

4

2

3

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

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

This is a characteristic of good money

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High intrinsic value

Liquidity

Attractive design

Easy to duplicate

In calculating national income which one will NOT be included.

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Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

IMF has given loan to Pakistan. It wilimprove Pakistan's

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Current account

Capital Account

Overall balance of payments

B and c above

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

It is included in kind of money

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Legal money

Credit money

Taken money

All of the above

Every country establishes central bank to

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Issue currency

To establish commercial bank

Toprepare governemnt budget

All of the of above

IMF Means

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International Monetary Funds

Inernational Money Flow

International Money Forum

Internaional Monetary finance

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

Which of the following is international trade

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Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

Which is the sourceof interest for a bank

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Advances

Bills discounted

Investments

All

Productive of labour can be increases by

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Raising minimum wages

Raising avarege wages

Increaseing skills of workers

All of the above

Cheque is

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Legal Money

Credit money

Paper money

Not money

Whcih organisation controls the banking system to most countries.

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Central Bank

Commercial bank

Investment bankWorld bank

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

Theory of omparative advantages was presented.

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Ricardo

Adam Smith

Hicks

Arshad

Net exports equal

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Exports x imports

Exports + imports

exports- imports

None of the above

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

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