More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Demand depostis are.
Choose an answer
Money
Banks notes
Legal money
Considerd and near money
Previous
Skip
Next
Question # 2
If govermment increases taxes pivate savings.
Choose an answer
Increase
Decrease
Do not change
Will become zero
Previous
Skip
Next
Question # 3
Govt.taxing and spending policies are called.
Choose an answer
Fiscal policy
Public policy
Monetary Policy
Economic policy
Previous
Skip
Next
Question # 4
Literacy rate in Pakistan is.
Choose an answer
40%
50%
60%
70%
Previous
Skip
Next
Question # 5
It is avoided to make correct estimate of national income.
Choose an answer
Free services
Double counting
Export earnings
All of the above
Previous
Skip
Next
Question # 6
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
Previous
Skip
Next
Question # 7
Transfer payments means.
Choose an answer
Bank loans
The payment without work
Payments made to all factors of production
Tax payments
Previous
Skip
Next
Question # 8
In GNP of pakistan rises. It will encourage
Choose an answer
Exports
Imports
Both
None
Previous
Skip
Next
Question # 9
Which is likely to be higher in a developing country like Pakistan.
Choose an answer
Birth Rate
GDP per head
Life expeciancy
Net investment per head
Previous
Skip
Next
Question # 10
Invisible items in balce of payments include.
Choose an answer
Foreign remittances
Income from tourism
Internet charges
All the three
Previous
Skip
Next
Question # 11
In 2018 Pkistan's total population stands approximately at
Choose an answer
11 cores
21 cores
31 cores
41 cores
Previous
Skip
Next
Question # 12
Treasury bill is used for
Choose an answer
Getting short term loans by central bank
Getting long term loans
Collecting govt. taxes
Make payments of utility bills
Previous
Skip
Next
Question # 13
To determine the correct level of GNP ,it is necessary to.
Choose an answer
Add up the values of goods and services during one year
Add up allsavings
Count all imports
Add up the value of semi finished goods
Previous
Skip
Next
Question # 14
Which is the charactertistic of good money
Choose an answer
Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
Previous
Skip
Next
Question # 15
A country does not trade with othr contries is called an economy
Choose an answer
Open
Closed
Independent
None
Previous
Skip
Next
Question # 16
The natures of unemployment due to machanization of agriculture is
Choose an answer
Seasonal
Structural
Frictional
Permanent
Previous
Skip
Next
Question # 17
Pakistan has a bankng system.
Choose an answer
Developed
Underdeveloped
Very unognsed
Inefficient
Previous
Skip
Next
Question # 18
Threre are methods of measurieng natinal income
Choose an answer
5
4
2
3
Previous
Skip
Next
Question # 19
Forest in Pakistan are decreasing beacause.
Choose an answer
Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
Previous
Skip
Next
Question # 20
A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
Choose an answer
25 m
10 m
5 m
0 m
Previous
Skip
Next
Question # 21
Visible exports include
Choose an answer
Remittance
Computer Hardware
Computer software
Transport cost
Previous
Skip
Next
Back