Question # 1

Transfer payments means

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Bank loans

The payment without work

Tax payments

Payments made to all factors of production

When value of money falls, they benefits more

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Debtors

Lenders

Farmers

Industrialist

Drung inflation

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Lenders lose borrowers gain

Borrowers and lenders both ose

Borrows lose lenders gain

All sections of the society gain

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

In the world population wise Pakistan is

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4th

5th

7th

10th

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

It is assumption of quantity theory of money

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Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

Unemployment tkes place because of.

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High demand for labour

High population growth rate

More exports

Higher education

When economic development takes place.

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Market imperfections increase

Population increses

Capital stock increases

All of the above

Govt. prepares its budget

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Weekly

Montly

Quarterly

Annually

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

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The exchange rate

The money supply

The interest rate

The real national income

Working population in Pakistan i in the ratio of total population

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1/3

1/2

1/4

1/5

When National income is estimated by expenditue method we include.

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All govt expenditure

All houseolds expenditure

All of the above

All expenditure of the business sector

Commodity sector contributes to national income of Pakistan.

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40%

50%

60%

70%

Consumption spending does NOT include.

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Household's purchases of clothes

Household's purchase of a car

Household's paymnet of rent for an apartment

Household's purchase of shares of a business corporation

Speculative demand for money depends upon

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Income

Investment

Rate of Interest

Central bank

In Pakistan Income tax is

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Progressive tax

Regressive tax

Proportional tax

Fixed tax

Cross cheque has tow lines drawn on

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Right side upper corner

Left side upper corner

Right side lower corner

In the Centre

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

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