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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Unemployment rate in Pakisan is
Choose an answer
6%
16%
20%
More than 20%
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Question # 2
Unemployment tkes place because of.
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High demand for labour
High population growth rate
More exports
Higher education
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Question # 3
People do not care for environmetn problems because of.
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Lack of education
Fear of taxes
Proverty
a and c of the above
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Question # 4
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
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Question # 5
Exchange rate for currencies is determined by supply and demand in system of.
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Fixed exchange
flexible
Constatn
Regulated
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Question # 6
Whcih is the mot widely used tool of monetary policy
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Open market operations
Issuing of notes
Discount rate
Cleaning house
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Question # 7
Circular flow of income links
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Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
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Question # 8
State bank of Pakistan is run by
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Board of directors
Board of managers
Board of govenors
Board of bankers
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Question # 9
If we put this letter in the blank space we get quantity theory of money PY =M
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S
T
V
A
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Question # 10
The countribution of industrial section our GDP is.
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10%
20%
30%
40%
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Question # 11
In 2018 Pkistan's total population stands approximately at
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11 cores
21 cores
31 cores
41 cores
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Question # 12
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 13
Pakistan is an economy
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Developing
Developed
Fast growing economy
a and c above
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Question # 14
State Bank was established in
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1948
1950
1952
1954
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Question # 15
An asset is liquid when it is
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Being traded frequnetly
Earning a good rate of return
Is money or easily converted into money
All of the above
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Question # 16
Govt.taxing and spending policies are called.
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Fiscal policy
Public policy
Monetary Policy
Economic policy
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Question # 17
Net Exports are
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Total Exports plus total imports
Total exports minus total imports
Total exports divided by total imports
Total imports minus total exports
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Question # 18
This wil cause anincrease in national income
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Rise in exports
Fall in consumer spending
Rise in imports
Increase in saving
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Question # 19
The largest sector of Pakistan economy
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Transport
Agriculture
Industry
Trade
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Question # 20
Unemployment due to mechanizatin of agriculture is.
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Seasonal
Structural
Industrial
Personal
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Question # 21
Exports of goods is called trade in
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Visible good
Invisibel goods
Basic goods
None real goods
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