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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Population Growth rate in Pakistan is
Choose an answer
0.9%
19%
2.9 %
3.9%
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Question # 2
A country does not trade with othr contries is called an economy
Choose an answer
Open
Closed
Independent
None
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Question # 3
Discount rae of state Bank of a Pakistan is
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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 # 4
A Triff
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Increase the volume trade
Reduces the volume of trade
Has no effect on volume of tradea
a and c above
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Question # 5
Medium term plan covers
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Less than 2 years
3 to 5 years
5 to 10 years
10 to 15 years
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Question # 6
It would increase the lvel of national income.
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An increase in taxation
A reduction in governmnet spending
An increase in exports
Students scholarships
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Question # 7
Pakistan Started its planning expence with
Choose an answer
Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 8
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 9
Largest Sector of Pakistan economy is.
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Agriculture
Industry
Transport
Services
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Question # 10
Labour includes
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The inventor
The innovator
The unskilled worker
All of the above
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Question # 11
Litracy rate is lower in
Choose an answer
Males
Females
Urban Areas
B and C above
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Question # 12
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 # 13
It is not a facor of economic development
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Money
Land
Capital
Technology
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Question # 14
National income equals.
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c+ I+g
c-i-g
c-s-g
c+s+g
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Question # 15
Acting as lender of last resort a cenral bank lend to.
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Money market
Stock exchange
Commercial Bank
Does not lend
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Question # 16
Foreign Trade
Choose an answer
Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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