Question # 1

What would encorage trade betwene two countries.

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Reduced tariffs

Quality control

Differente tax system

Fixing import quotes

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

Whcih organisation controls the banking system to most countries.

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Central Bank

Commercial bank

Investment bankWorld bank

It is included in kind of money

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Legal money

Credit money

Taken money

All of the above

Commercial bank in Pakistan are supervised by

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State Bank

National Bank

Finance Minister

World Bank

Cheque is

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Legal Money

Credit money

Paper money

Not money

All labour is

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Homogeneious

Heterogenecous

Lazy

Intelligent

Value of circulation money means by number of times a unit of money

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Change hands daily

Change hand annually

change hands montly

Change purchacing power

Barter means.

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Trade through metallic money only

Trade of goods ony excluding services

Trade without use of money

Trade of low value goods only

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

Which measure has the larger value .

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NNP

GNP

GDP

NI

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

Consumption is a function of.

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Saving

Investment

Income

Expenditure

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

Contribution of agriculture in Pakistan's national income is

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19%

29%

39%

49%

A skilled worker is an example of.

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Scarcity

An entrepreneur

The labour input

a and c above

This is NOT money

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Currency

Prize Bond

Demand deposit oin a bank

Coins

It helps countries to meet deficit in balcne of payments.

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IMF

WTO

World Bank

UNO

Value of money means

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General purchasing power of money

Gold purchased by money

Demand for money

Importance of money

Real national income increases when

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Prics of goods are rising

National savings increases

Quantity of goods and services increases

None of the above

Commodity sector contributes to national income of Pakistan.

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40%

50%

60%

70%

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