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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The goods which arw used directly by the people are called.
Choose an answer
Consumer goods
Capital good
Direct good
None
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Question # 2
This is not a Principal of taxation
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Principal of equality
Pricipal of secracy
Principal of adequacy
Principal of convenience
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Question # 3
Infrant mortality rate in Pakistanis.
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45
65
85
105
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Question # 4
If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.
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Capital account
Visible balnce
Invisible balnce
Official financing
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Question # 5
Which is the sourceof interest for a bank
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Advances
Bills discounted
Investments
All
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Question # 6
Net exports equal
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Exports x imports
Exports + imports
exports- imports
None of the above
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Question # 7
Central banks rate of lending to commercial banks is called.
Choose an answer
Money rate
Control rate
Intrested rate
Discount rate
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Question # 8
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 9
If saving exceed investment then
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National income rises
National income falls
National income is not affected
None of the above
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Question # 10
Corporae tax is levied on
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Landdlords
Inporters
Big companies
Municipal corporations
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Question # 11
Convert money means.
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It can buy goods
Govt. give gold against
Illegal money
Low value money
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Question # 12
Which is the charactertistic of good money
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Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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Question # 13
Forest cover in Pakistanis.
Choose an answer
2%
4%
6%
8%
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Question # 14
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 # 15
International trade and domestic trade fiffer because of.
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Trade restrictions
Immobility of factors
Difference govt Policy
All of the above
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Question # 16
In 2018 Pkistan's total population stands approximately at
Choose an answer
11 cores
21 cores
31 cores
41 cores
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Question # 17
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 18
The percentage of our labour force workign in agricultureis.
Choose an answer
13%
24%
33%
43%
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Question # 19
Labour includes
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The inventor
The innovator
The unskilled worker
All of the above
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Question # 20
The natures of unemployment due to machanization of agriculture is
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Seasonal
Structural
Frictional
Permanent
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Question # 21
If govermment increases taxes pivate savings.
Choose an answer
Increase
Decrease
Do not change
Will become zero
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