Question # 1

Convert money means.

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It can buy goods

Govt. give gold against

Illegal money

Low value money

Transfer payments are not included in national income becaues.

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Such payments are made to persons livnig abroad

Double counting would result

They are illegal

There is no method to account for these

Pakistan is an economy

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Developing

Developed

Fast growing economy

a and c above

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

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.

All labour is

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Homogeneious

Heterogenecous

Lazy

Intelligent

Final balance of the payment of a country is

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Always balance

Always dificit

Always surplus

Flucluates

Speculative demand for money depends upon

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Income

Investment

Rate of Interest

Central bank

Cross cheque has a cross sign in the

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Right side upper comer

Right side lowr comer

It does not have cross sign

Left side upper corner

Transfer payments means

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Bank loans

The payment without work

Tax payments

Payments made to all factors of production

Value of money and supply of money are related.

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Inversely

Directly

Govt.Law

Are not related

This steps will increase investment in Pakistan.

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Increse taxes

Increase population

Increase investment rate

Decrease intrest rate

Undisributed proits are considered.

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Income enrned but not received

Income eearned and received

Income received but not earned

None of the above

Demand deposit are

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Money

Bank note

Legal Money

Considered to near money

In 2018 Pkistan's total population stands approximately at

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11 cores

21 cores

31 cores

41 cores

PI is equivalent to

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DPI Minus personal taxes

DIP Plus unerned receipts

DPI Minus income earned but not received

NI plus unearned receipts minus personal taxes

This is NOT money

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Currency

Prize Bond

Demand deposit oin a bank

Coins

It creates difficulties in measuremtn of national income of Pakistan

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Low literacy rate

Parliamentary form of Govt

Huge imports

High Taxes

A Triff

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Increase the volume trade

Reduces the volume of trade

Has no effect on volume of tradea

a and c above

Which is a flow concept.

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Number of my shirts

My montly income

My total wealth

Money Supply

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