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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Which statment is true
Choose an answer
NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
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Question # 2
Visible goods are recorded int his part of balance of payments account
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Current account
Capital account
Govt account
Official Account
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Question # 3
The largest share in Pakistan's GNP is that of.
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Services
Industry
Agriculture
Banking
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Question # 4
It is NOT an instrument of monetary policy
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Bank rate
Open market operations
Change in resere rato
Issure notes
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Question # 5
Transfer payments means.
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Bank loans
The payment without work
Payments made to all factors of production
Tax payments
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Question # 6
The government spends on education percentage of GDP
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2
6
8
10
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Question # 7
In 2018 Pkistan's total population stands approximately at
Choose an answer
11 cores
21 cores
31 cores
41 cores
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Question # 8
Govt. taxatio and spending policieis are called.
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Fiscal policy
Monetary policy
Commercial policy
Finance policy
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Question # 9
The step will increse saving in Pakistan
Choose an answer
Increase in taxes
Decrease in taxes
increasein population
Increase imports
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Question # 10
Which of the following compares everage pricw of exports to avarage Price of imports.
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Balance of payments
Balance of trade
Terms of trade
Exchange of rate
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Question # 11
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 12
If you borrow from a bak the amount which the bank charges is called.
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Interest rate
tax rate
discount rate
Market rate
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Question # 13
Govt. prepares its budget
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Weekly
Montly
Quarterly
Annually
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Question # 14
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 15
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
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Question # 16
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.
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Question # 17
Which source a private company cannot use?
Choose an answer
A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 18
In the equation MV =Py. V represents
Choose an answer
Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 19
In GNP of pakistan rises. It will encourage
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Exports
Imports
Both
None
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Question # 20
Foregn trade creates among countries.
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Conficits
Cooperation
Hatred
None
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Question # 21
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
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