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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Working population is percent of total population of Pakistan.
Choose an answer
23%
33%
43%
53%
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Question # 2
The following is not a bank liability.
Choose an answer
Demand deposit
Time deposit
Loan
Saving Deposit
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Question # 3
This will cause decrease in natioal income.
Choose an answer
Rise in exports
Rise in saving
Increas in taxese
B and C above
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Question # 4
Discount rae of state Bank of a Pakistan is
Choose an answer
Less than 5%
More than 5% but not more than 15%
More than 15% but not more than 25%
More than 25%
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Question # 5
Which of the following is an example of primary production
Choose an answer
Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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Question # 6
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 7
Invisible items in balce of payments include.
Choose an answer
Foreign remittances
Income from tourism
Internet charges
All the three
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Question # 8
Circular flow of income links
Choose an answer
Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
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Question # 9
A TV set purchased from a retail store is an example of.
Choose an answer
Final goods
Surplus goods
Capital goods
Intermediate goods
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Question # 10
Pakistan is not a memebr of
Choose an answer
IMF
ECO
OPEC
World Bank
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Question # 11
Which is a flow concept.
Choose an answer
Number of my shirts
My montly income
My total wealth
Money Supply
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Question # 12
GDP atconstnat prices, calculated according to some base year is called.
Choose an answer
acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 13
Personal income includes.
Choose an answer
Direct taxes
Indirect taxes
Depreciation
None of the above
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Question # 14
Threre are methods of measurieng natinal income
Choose an answer
5
4
2
3
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Question # 15
Demand deposite mean
Choose an answer
Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 16
National income is a measure of
Choose an answer
The zise of government revenue
Payments made to facor of production
Production f goods per day
Total working hours
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Question # 17
Which is considered liablility by a bank
Choose an answer
Loans
Bank building and equipment
Time deposit
Securities
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Question # 18
Balance of payments of country includes.
Choose an answer
Current account
Monetry Account
Capital Account
All of the above
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Question # 19
Which statment is true
Choose an answer
NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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Question # 20
Which of the followign is not included in personali income
Choose an answer
Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 21
All labour is
Choose an answer
Homogeneious
Heterogenecous
Lazy
Intelligent
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