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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 2
People do not care for environmetn problems because of.
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Lack of education
Fear of taxes
Proverty
a and c of the above
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Question # 3
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 4
Commercial banks are able to create money by
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Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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Question # 5
They are NOT much affected by rising prices.
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Salaried persons
Business
Debtors
Importers
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Question # 6
Country is poor if it has.
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Less production of gods per capita
Less amount of gold
Less amout of foreign currency
Less exports
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Question # 7
Market value of all final goods and services produced in a country during a year is definition
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GNP
NNP
NI
Consumption
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Question # 8
When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
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0.25
4
0.4
Billion Rupees
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Question # 9
Whis is the most widely used tool of monetary policy
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Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 10
When economic development takes place.
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Market imperfections increase
Population increses
Capital stock increases
All of the above
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Question # 11
It increses rae of capita formation
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Less saving
New Technology
Rapid Population growth
High Intrest
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Question # 12
Which is the charactertistic of good money
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Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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Question # 13
The step will increse saving in Pakistan
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Increase in taxes
Decrease in taxes
increasein population
Increase imports
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Question # 14
Central banks rate of lending to commericalbanks is called.
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Interest rate
Discount rate
Money rate
Inflation rate
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Question # 15
National Bank is.
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Public Sector bank
Private Bank
Microfianace bank
Specialised bank
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Question # 16
Open Market Operations is
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Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
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Question # 17
Which statemetn is true of the relationship betwene bond prices and bond yields.
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They very invesrsely
They are not related
They tool very directly
They are related in long run and not in the short run
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Question # 18
Whcih type of card is not issued by commmercial banks
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Credit card
Green card
ATM Card
Debit card
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Question # 19
In the world population wise Pakistan is
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4th
5th
7th
10th
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Question # 20
GDP atconstnat prices, calculated according to some base year is called.
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acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 21
In Pakistan, taxes are leived by
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Prime Minister of Pakistan
President of Pakistan
Federal cabinet of ministers
National Assembly
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