Question # 1

A closed economy is best described as one in which

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thre are no monopolies

No corporations

No extemalities

No international trade

Balance sheet of a bank has two parts

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Supply and demand for deposits

Supply and demand of Advances

Assests and liablilities

Cash Reserves and loans

The lower literacy rate in females is due to.

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Lack of access to educational institutions

Parental ignorance

Discriminatory socialnorms

all of the above

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

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Community

Social gathering

Super family

Household

In which form the larges percentage of national incomeis earned.

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Interest income

Proprietor's income

Elyees wages

Rental income

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

Which is not a Function of money

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Make demand and supply equal

Medium of exchange

Store of value

Meaasure of value

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

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Investment

Population

Imports

taxes

Whcih type of card is not issued by commmercial banks

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Credit card

Green card

ATM Card

Debit card

Govt.taxing and spending policies are called.

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Fiscal policy

Public policy

Monetary Policy

Economic policy

Consumption is a function of.

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Saving

Investment

Income

Expenditure

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

Working population is percent of total population of Pakistan.

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23%

33%

43%

53%

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

Demand deposite are

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Bank notes

Money

Considered as ner money

Legal money

Which type of card is not issued by central banks

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Credi card

Debit card

ATM Card

None is issued by it

Monetary pollicy has the objective

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Decrease unemployment rate

Decrease tax rate

Decreases inflation rate

a and c of the above

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

According to keynes demand for money is affected by

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Income

Rate of intest

Literacy rate

a and b of above

National Bank of Pakistan was established in

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1949

1959

1960

1979

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

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