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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
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 # 3
Exchange rate for currencies is determined by supply and demand in system of.
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Fixed exchange
flexible
Constatn
Regulated
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Question # 4
Oneof he following is NOT a feature of private finance.
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Balancing of incoem and expenditure
Secrecy
Publicity
Saving some part of income
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Question # 5
Forest in Pakistan are decreasing beacause.
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Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
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Question # 6
Prograssive taxes
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Are harmful for the economy
Bring equality in distributio of income
Compel rich people to be honest
Decrease evasion of taxes
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Question # 7
Demand deposit are
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Money
Bank note
Legal Money
Considered to near money
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Question # 8
A TV set purchased from a retail store is an example of.
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Final goods
Surplus goods
Capital goods
Intermediate goods
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Question # 9
Whom of the followng propounded principles of taxation
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Keynes
Adam Smith
Marshall
Ghazali
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Question # 10
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 11
National Income = Ntional Expenditure is an
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Equation
Identity
Function
None
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Question # 12
Which type of cheque is least safe for transfer of money
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Bearer cheque
Traveller cheque
Order cheque
Cross cheque
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Question # 13
Commodity sector contributes to national income of Pakistan.
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40%
50%
60%
70%
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Question # 14
GNP is
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Total Sales in the economy
Total monetary transactions in an economy
Sum of market values of all goods and services prodcued in an economy
Totla spending in an economy
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Question # 15
Govt. prepares its budget
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Weekly
Montly
Quarterly
Annually
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Question # 16
If C= 200 and I= 40 Than Y will equal
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160
240
200
8000
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Question # 17
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 18
What would encourage trade betwene two countries.
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Different tax system
Frontier checks
National currencies
Reduce traiff
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Question # 19
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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Question # 20
By 2018 Pakistan's total population reached approximately
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180 million
210 million
240 million
270 million
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Question # 21
Which one is per capita income is
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Per worker income
Per person Income
Per family income
Per Industtrial unit income
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