Question # 1

GNP is

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Total Sales in the economy

Total monetary transactions in an economy

Sum of market values of all goods and services prodcued in an economy

Totla spending in an economy

It can change money supply

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National Assembly

Supreme court

Government

State Bank

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

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

Under normal circumstances the velocity of circulation of money in a contry is.

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100%

negative

Less than 10

Zero

The most importnat fature of money

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General acceptability

Store of value

Covertibility into gold

Medium of exchange

Commercial banks are able to create money by

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Making loans

Printing Money

Moral suasion Selling government loans

Printing money

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

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0.25

4

0.4

Billion Rupees

Unemployment due to mechanizatin of agriculture is.

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Seasonal

Structural

Industrial

Personal

Commercial Bank create

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Credit money

Token money

Legal Money

Do not create money

Rupee is a coin

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Full value

Token money

Credite money

Convertible

Demand deposit are

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Money

Bank note

Legal Money

Considered to near money

The have a functional relation

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Consumption and national income

Consumption and saving

Consumption and investment

All of the above

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

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.

Commodity sector contributes to national income of Pakistan.

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40%

50%

60%

70%

Working population is percent of total population of Pakistan.

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23%

33%

43%

53%

In which form the larges percentage of national incomeis earned.

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Interest income

Proprietor's income

Elyees wages

Rental income

If C= 200 and I= 40 Than Y will equal

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160

240

200

8000

Exchange rate for currencies is determined by supply and demand in system of.

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Fixed exchange

flexible

Constatn

Regulated

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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