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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Measurement of economic development is based on.
Choose an answer
Monetary income
Real Income
Future income
Permenent Income
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Question # 2
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 # 3
The percentage of our labour force workign in agricultureis.
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13%
24%
33%
43%
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Question # 4
Govt. taxatio and spending policieis are called.
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Fiscal policy
Monetary policy
Commercial policy
Finance policy
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Question # 5
First women bank is
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Govt Bank
Privat bank
Non Scheduled bank
Investment Bank
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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
Undisributed proits are considered.
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Income enrned but not received
Income eearned and received
Income received but not earned
None of the above
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Question # 8
The quantity demanded of money rises.
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As the intrest rate falls
As the intrest rate rises
As the supply of money falls
As the number of banks rises
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Question # 9
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 10
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 11
It is duducted from GNP to find NNP
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Saving
Direct taxes
Depreciatin allowance
Subsidies
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Question # 12
Profit and losss sharing is basis of finance under this system.
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Islamic
Capitalistic
Socialistic
None
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Question # 13
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 14
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 # 15
Transfer payments include.
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Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
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Question # 16
Pakistan started its first five year plan in
Choose an answer
1947
1950
1955
1960
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Question # 17
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 # 18
Pakistan needs
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Economic planning
Population Planning
Educational Planning
All of the above
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Question # 19
Speculative demand for money depends upon
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Income
Investment
Rate of Interest
Central bank
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Question # 20
Central banks rate of lending to commericalbanks is called.
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Interest rate
Discount rate
Money rate
Inflation rate
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Question # 21
If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
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Demand deposits
Tiem deposit
Saving account
Profit loss account
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