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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The bank can give loans
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Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 2
The most importnat fature of money
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General acceptability
Store of value
Covertibility into gold
Medium of exchange
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Question # 3
Commercial Bank create
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Credit money
Token money
Legal Money
Do not create money
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Question # 4
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 5
GNP includes
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A Loan from a bank
A loan from one's parents
A brokers commission
Gilfts and donations
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Question # 6
Foreign Trade
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Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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Question # 7
Unemployment due to mechanizatin of agriculture is.
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Seasonal
Structural
Industrial
Personal
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Question # 8
If no money is used to exchange goods it is called.
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Barter
Currency
Black Market
Free Trade
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Question # 9
Environment includes.
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Ecosystem
Wildlife
Forests
All of the above
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Question # 10
It is not a facor of economic development
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Money
Land
Capital
Technology
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Question # 11
In the world population wise Pakistan is
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4th
5th
7th
10th
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Question # 12
Economic Development
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Is the same as economic growth
Means improvement in lifestyle
Exists when there is equal distributio of income
All of the above
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Question # 13
Barter means.
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Trade through metallic money only
Trade of goods ony excluding services
Trade without use of money
Trade of low value goods only
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Question # 14
It can change money supply
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National Assembly
Supreme court
Government
State Bank
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Question # 15
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
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0
5 m
10 m
25 m
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Question # 16
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 17
Pakistan has a bankng system.
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Developed
Underdeveloped
Very unognsed
Inefficient
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Question # 18
This steps will increase investment in Pakistan.
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Increse taxes
Increase population
Increase investment rate
Decrease intrest rate
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Question # 19
Cross cheque has a cross sign in the
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Right side upper comer
Right side lowr comer
It does not have cross sign
Left side upper corner
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Question # 20
Visible imports include.
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Remittance
Machinery
Computer Software
Transport cost
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Question # 21
The natures of unemployment due to machanization of agriculture is
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Seasonal
Structural
Frictional
Permanent
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