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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
IMF has given loan to Pakistan. It wilimprove Pakistan's
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Current account
Capital Account
Overall balance of payments
B and c above
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Question # 2
Total number of branches of Pakistani banks is approximately
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5000
10000
15000
20000
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Question # 3
Visible imports include.
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Remittance
Machinery
Computer Software
Transport cost
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Question # 4
Union leaders are in a better position to bargain for higher wages if labour demand is.
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Elastic
Inelastic
Very large
Permanent
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Question # 5
Invisible items in balce of payments include.
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Foreign remittances
Income from tourism
Internet charges
All the three
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Question # 6
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 # 7
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 8
Pakistan needs
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Economic planning
Population Planning
Educational Planning
All of the above
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Question # 9
Total value of allfinal goods andservices produced annually by a country.
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NNP
GNP
GDP
NI
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Question # 10
State Bank was established in
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1948
1950
1952
1954
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Question # 11
Infrant mortality rate in Pakistanis.
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45
65
85
105
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Question # 12
Marginal propensity to consume MPC is.
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Total income spent on consumption
Ratio of additionalincome consumed
Ratio of total income consumed
Consumption divided by saving
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Question # 13
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 # 14
It helps countries to meet deficit in balcne of payments.
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IMF
WTO
World Bank
UNO
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Question # 15
There are stock exchange in Pakistan.
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1
3
4
5
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Question # 16
If indirect taxes are deducted from NNP and subsidies are added. we achieve
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Personla savings
DPI
National Income
Percapita inocme
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Question # 17
It Japan and Pakistan start free trade differene in wges in two counties will
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Increase
Decrease
Double
No effect
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Question # 18
The have a functional relation
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Consumption and national income
Consumption and saving
Consumption and investment
All of the above
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Question # 19
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
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0
5 m
10 m
25 m
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Question # 20
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 # 21
Govt. prepares its budget
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Weekly
Montly
Quarterly
Annually
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