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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Contribution of agriculture in Pakistan's national income is
Choose an answer
19%
29%
39%
49%
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Question # 2
In Pakistan money a account is
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Paisa
Rupee
Gold
Dollar
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Question # 3
Exports of goods is called trade in
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Visible good
Invisibel goods
Basic goods
None real goods
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Question # 4
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 5
The highest govt body for economic planig is Pakistan is.
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Planning Council
Planning Board
Planning commission
Planning Department
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Question # 6
The largest share in Pakistan's GNP is that of.
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Services
Industry
Agriculture
Banking
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Question # 7
The receipt of payments for goods exported and imported are counted in .
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Capital Account
Trade Account
Current account
Monetary account
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Question # 8
Which One is equation of exchange.
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PT = MV
PV = MT
PM = TV
None
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Question # 9
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 # 10
Taxes on commodities are
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Direct taxes
Indirect Taxes
Progressive taxes
Propotional taxes
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Question # 11
International trade and domestic trade fiffer because of.
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Trade restrictions
Immobility of factors
Difference govt Policy
All of the above
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Question # 12
Our exportw mainly counsist of.
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Cotton Product
Machinery
Sports goods
a and c above
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Question # 13
Unemployment due to mechanizatin of agriculture is.
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Seasonal
Structural
Industrial
Personal
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Question # 14
According to Malthus Population increases by Pogression of kind
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Systematic
Arithmetic
Geometric
Automatic
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Question # 15
Equilibrium of national income will be when
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S >I
S < I
S = I
S - 1
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Question # 16
Visible imports include.
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Remittance
Machinery
Computer Software
Transport cost
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Question # 17
Whis is the largest figure
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NNP
GNP
DPI
PI
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Question # 18
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 19
Cash can NOT be directly drawn fro a bank against
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Cross Cheque
Order cheque
Bearer cheque
Traveller cheque
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Question # 20
Govt. transfer payment include
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Social security benefits
Welfare benefits
Student scholarships
All of the above
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Question # 21
The countribution of industrial section our GDP is.
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10%
20%
30%
40%
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