Question # 1

MPC is always.

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Positive

Negative

Zero

More then APC

It is considred as transfer payments

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Salaries of govet emplyees

Bonus of bank employees

Inemployment allowance paid by govt

Free medical are to offers.

Nationalisation of banks was done in

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1974

1976

1978

1980

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

The equation of exchange PT =MV was given by

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Fisher

Crowther

Kuznet

Keynes

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

A closed economy is best described as one in which

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thre are no monopolies

No corporations

No extemalities

No international trade

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

The highest govt body for economic planig is Pakistan is.

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Planning Council

Planning Board

Planning commission

Planning Department

Whcih is the mot widely used tool of monetary policy

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Open market operations

Issuing of notes

Discount rate

Cleaning house

This is a characteristic of good money

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High intrinsic value

Liquidity

Attractive design

Easy to duplicate

Pakistan per capita income in less than.

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Japan

India

Korea

All

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

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0.25

4

0.4

Billion Rupees

Every country establishes centralbank to

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Issue notes

Supervise commerical bank

Giveloans to businessmen

a and b of above

Private sector participation is expending in.

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Education

Health

Environment

a and b of the above

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

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

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