Question # 1

The have a functional relation

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Consumption and national income

Consumption and saving

Consumption and investment

All of the above

Environment includes.

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Ecosystem

Wildlife

Forests

All of the above

A country does not trade with othr contries is called an economy

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Open

Closed

Independent

None

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

This will cause decrease in natioal income.

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Rise in exports

Rise in saving

Increas in taxese

B and C above

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

Ric countries have deficit in their balance of payments

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Some times

Never

Atternatee years

Always

Invisible items in balce of payments include.

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Foreign remittances

Income from tourism

Internet charges

All the three

There are obstacles to rapid economic development of Pakistan

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Social

Political

Cultural

All of the above

This is a difficulty of barter

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Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

IMF has given loan to Pakistan. It wilimprove Pakistan's

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Current account

Capital Account

Overall balance of payments

B and c above

Marginal propensity to consume MPC is.

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Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

IMF Means

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International Monetary Funds

Inernational Money Flow

International Money Forum

Internaional Monetary finance

The government spends on education percentage of GDP

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2

6

8

10

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

The quantity demanded of money rises.

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As the intrest rate falls

As the intrest rate rises

As the supply of money falls

As the number of banks rises

Short term loans can be obtained in.

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Money market

Capital market

Exchange market

Stock Market

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

Whenthe state bank wants be decrease money supply in the country it.

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Buys govt securities is stock market

Sells govt securities

Lowers siscount rate

B and C

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

A skilled worker is an example of.

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Scarcity

An entrepreneur

The labour input

a and c above

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