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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Foregn trade creates among countries.
Choose an answer
Conficits
Cooperation
Hatred
None
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Question # 2
Money Material should be
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Abundant
Scarce
Beautiful
Heavy
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Question # 3
Litracy rate is lower in
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Males
Females
Urban Areas
B and C above
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Question # 4
Whis is the largest figure
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NNP
GNP
DPI
PI
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Question # 5
Personal income includes.
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Direct taxes
Indirect taxes
Depreciation
None of the above
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Question # 6
It is NOT an instrument of monetary policy
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Bank rate
Open market operations
Change in resere rato
Issure notes
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Question # 7
Monetary pollicy has the objective
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Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 8
It is duducted from GNP to find NNP
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Saving
Direct taxes
Depreciatin allowance
Subsidies
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Question # 9
Pakistan Importss some goods and exports other goods primarily because of.
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Free goods
Comparative advantage
Unemployment
Self Sufficiency
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Question # 10
The money called legal tender includes.
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Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 11
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 12
A skilled worker is an example of.
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Scarcity
An entrepreneur
The labour input
a and c above
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Question # 13
Which measure has the larger value .
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NNP
GNP
GDP
NI
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Question # 14
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 # 15
Govt.taxing and spending policies are called.
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Fiscal policy
Public policy
Monetary Policy
Economic policy
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Question # 16
State Bank policy of regulating intrst rate is called.
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Monetary policy
Commerical policy
Banking policy
Fiscal policy
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Question # 17
Visible imports include.
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Remittance
Machinery
Computer Software
Transport cost
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Question # 18
Working population in Pakistan i in the ratio of total population
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1/3
1/2
1/4
1/5
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Question # 19
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
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Question # 20
In 2018 Pkistan's total population stands approximately at
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11 cores
21 cores
31 cores
41 cores
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Question # 21
Which is money
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Cheque
Credite card
Currency
Prize Bond
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