More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
It is the medium of exchange
Choose an answer
Black money
Currency
Near money
Foreign exchange
Previous
Skip
Next
Question # 2
What would encorage trade betwene two countries.
Choose an answer
Reduced tariffs
Quality control
Differente tax system
Fixing import quotes
Previous
Skip
Next
Question # 3
Foreign Trade are
Choose an answer
Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
Previous
Skip
Next
Question # 4
The bank established for loans to very small enterprises is called.
Choose an answer
Micro Finance Bank
Modarba Bank
SME bank
Firs Mini Bank
Previous
Skip
Next
Question # 5
If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
Choose an answer
Demand deposits
Tiem deposit
Saving account
Profit loss account
Previous
Skip
Next
Question # 6
Forest in Pakistan are decreasing beacause.
Choose an answer
Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
Previous
Skip
Next
Question # 7
Investment spending included the purchase of.
Choose an answer
Lottery coupon
Prize Bond
Residential construction
all of the above
Previous
Skip
Next
Question # 8
Govt.taxing and spending policies are called.
Choose an answer
Fiscal policy
Public policy
Monetary Policy
Economic policy
Previous
Skip
Next
Question # 9
It is direct tax
Choose an answer
Excise tax
Sales tax
Income tax
Custom duty
Previous
Skip
Next
Question # 10
According to keynes demand for money is affected by
Choose an answer
Income
Rate of intest
Literacy rate
a and b of above
Previous
Skip
Next
Question # 11
Central banks rate of lending to commericalbanks is called.
Choose an answer
Interest rate
Discount rate
Money rate
Inflation rate
Previous
Skip
Next
Question # 12
Out following the only recognised legal tender is
Choose an answer
Cheque
Currency notes and coins
Notes and cheques
Credit card
Previous
Skip
Next
Question # 13
10- Rupees note is issued by
Choose an answer
National Bank
State Bank
Govt of Pakistan
Governour State bank
Previous
Skip
Next
Question # 14
The Government can colect funds from
Choose an answer
Taxes
Fees
Prices of public goods
All the three
Previous
Skip
Next
Question # 15
According to Keynesmotives for holding money are.
Choose an answer
Two
Three
Four
Five
Previous
Skip
Next
Question # 16
The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.
Choose an answer
6%
9%
12%
15%
Previous
Skip
Next
Question # 17
Under normal circumstances the velocity of circulation of money in a contry is.
Choose an answer
100%
negative
Less than 10
Zero
Previous
Skip
Next
Question # 18
The largest sector of Pakistan economy
Choose an answer
Transport
Agriculture
Industry
Trade
Previous
Skip
Next
Question # 19
Undisributed proits are considered.
Choose an answer
Income enrned but not received
Income eearned and received
Income received but not earned
None of the above
Previous
Skip
Next
Question # 20
Contribution of industrial sector in Pakistan's GDP is.
Choose an answer
20%
30%
40%
50%
Previous
Skip
Next
Question # 21
Govt. taxatio and spending policieis are called.
Choose an answer
Fiscal policy
Monetary policy
Commercial policy
Finance policy
Previous
Skip
Next
Back