Question # 1

In Pakistan, taxes are leived by

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Prime Minister of Pakistan

President of Pakistan

Federal cabinet of ministers

National Assembly

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

Velocity of circulation of money means.

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Total demand for money

Annual increase in currency notes

Number of timesa unit of money changes hands

total supoly of money

Profit and losss sharing is basis of finance under this system.

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Islamic

Capitalistic

Socialistic

None

Which of the following would increase national income.

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Increase in taxation

incerese in savings

Increase in govt spending

Decrease in consumption spending

All are advantages of oreign trade Except.

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People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

Convert money means.

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It can buy goods

Govt. give gold against

Illegal money

Low value money

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

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160

240

200

8000

Which of the following is international trade

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Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

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

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Community

Social gathering

Super family

Household

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

MPC is always.

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Positive

Negative

Zero

More then APC

They are NOT much affected by rising prices.

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Salaried persons

Business

Debtors

Importers

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

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

Invisible items in balce of payments include.

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Foreign remittances

Income from tourism

Internet charges

All the three

Short term loans can be obtained in.

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Money market

Capital market

Exchange market

Stock Market

The largest sector of Pakistan economy

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Transport

Agriculture

Industry

Trade

Who is unemployed

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House wife

College Student

Afreshly graduated engineer who is searching for a job

A peer who lives on gifts from murreds

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

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