Question # 1

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

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160

240

200

8000

Rupee is a coin

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Full value

Token money

Credite money

Convertible

Demand depostis are.

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Money

Banks notes

Legal money

Considerd and near money

GDP atconstnat prices, calculated according to some base year is called.

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acutal GDP

Real GDP

Net GDP

Nominal GDP

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

Visible imports include.

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Remittance

Machinery

Computer Software

Transport cost

It is assumption of quantity theory of money

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Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

Foreign Trade are

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Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

By 2018 Pakistan's total population reached approximately

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180 million

210 million

240 million

270 million

According to Keynes people demand money for purposes .

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1

2

3

4

Which of the following is a withdrawal from the circular flow of income stream.

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Taxation

Consumption

Subsides

Investment

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

Exports of goods is called trade in

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Visible good

Invisibel goods

Basic goods

None real goods

Net exports equal

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Exports x imports

Exports + imports

exports- imports

None of the above

Every country establishes central bank to

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Issue currency

To establish commercial bank

Toprepare governemnt budget

All of the of above

Pakistan is not a memebr of

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IMF

ECO

OPEC

World Bank

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

Which type of cheque is least safe for transfer of money

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Bearer cheque

Traveller cheque

Order cheque

Cross cheque

We can increase rate of economic growth in Pakistna if we icrease.

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Investment

Population

Imports

taxes

Gross nationa product includes

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A loan from one's parents

A loan from a domestic bank

A loan from other countries

None of theabove

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

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Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers

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