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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Which is a function of commercial bank
Choose an answer
Acting as a govt. banker
Fixing the exchange rate
Making loans
Issueing bank notes
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Question # 2
Bank Prepare their balace sheet.
Choose an answer
Weekly
Monthly
Quarterly
Annualy
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Question # 3
Personal income includes.
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Direct taxes
Indirect taxes
Depreciation
None of the above
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Question # 4
The largest type fo in come in the Pakistan is
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Compensation of employees
Propretors income
Rental income
Corporate profits
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Question # 5
Open Market Operations is
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Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
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Question # 6
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 7
The have a functional relation
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Consumption and national income
Consumption and saving
Consumption and investment
All of the above
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Question # 8
Central banks rate of lending to commericalbanks is called.
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Interest rate
Discount rate
Money rate
Inflation rate
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Question # 9
Measurement of economic development is based on.
Choose an answer
Monetary income
Real Income
Future income
Permenent Income
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Question # 10
If C = 200 and I = 40 then Y will equal
Choose an answer
160
240
8000
None of the above
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Question # 11
Theory of omparative advantages was presented.
Choose an answer
Ricardo
Adam Smith
Hicks
Arshad
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Question # 12
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 # 13
The natures of unemployment due to machanization of agriculture is
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Seasonal
Structural
Frictional
Permanent
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Question # 14
Value of money and supply of money are related.
Choose an answer
Inversely
Directly
Govt.Law
Are not related
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Question # 15
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 # 16
The equation of exchange PT =MV was given by
Choose an answer
Fisher
Crowther
Kuznet
Keynes
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Question # 17
Value of circulation money means by number of times a unit of money
Choose an answer
Change hands daily
Change hand annually
change hands montly
Change purchacing power
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Question # 18
We measure natonalincome by this method.
Choose an answer
Expenditure method
Income method
Product method
As of the above
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Question # 19
Investment spending included the purchase of.
Choose an answer
Lottery coupon
Prize Bond
Residential construction
all of the above
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Question # 20
Credit money is controlled by
Choose an answer
Central bank
Market forces
Commercial Bank
Government
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Question # 21
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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