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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 2
Discount rae of state Bank of a Pakistan is
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Less than 5%
More than 5% but not more than 15%
More than 15% but not more than 25%
More than 25%
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Question # 3
Visible exports include
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Remittance
Computer Hardware
Computer software
Transport cost
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Question # 4
The goods which arw used directly by the people are called.
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Consumer goods
Capital good
Direct good
None
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Question # 5
The bank can give loans
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Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 6
Country is poor if it has.
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Less production of gods per capita
Less amount of gold
Less amout of foreign currency
Less exports
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Question # 7
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 8
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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Question # 9
Transfer payments means
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Bank loans
The payment without work
Tax payments
Payments made to all factors of production
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Question # 10
Which is a monetary measure to increase employment.
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Increase in govt expenditure
Reduce govt expenditure
Increase in interest rate
Reducing intrest rate
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Question # 11
Short term loans can be obtained in.
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Money market
Capital market
Exchange market
Stock Market
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Question # 12
Which source a private company cannot use?
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A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 13
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 # 14
According to Malthus Population increases by Pogression of kind
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Systematic
Arithmetic
Geometric
Automatic
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Question # 15
According to Keynesmotives for holding money are.
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Two
Three
Four
Five
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Question # 16
Which shows equilibrium of national income
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Consumption = investment
Saving = investment
Saving > investment
Saving < investment
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Question # 17
Macroeconomics is concerned with.
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Aggregate economic activity
Spending decisions of households
Hod to produce goods
How tobuy stocks and bonds
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Question # 18
Govt. transfer payment include
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Social security benefits
Welfare benefits
Student scholarships
All of the above
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Question # 19
In calculating national income which one will NOT be included.
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Exports
Old age pensions
Wages of lecturer
Undistributed profit by firms
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Question # 20
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
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Question # 21
Economic planning in Pakistan started
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During 1950s
During 1960s
During 1970s
During 1980s
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