Question # 1

Commodity sector contributes to national income of Pakistan.

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40%

50%

60%

70%

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

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Open

Closed

Independent

None

If indirect taxes are deducted from NNP and subsidies are added. we achieve

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Personla savings

DPI

National Income

Percapita inocme

Govt.taxing and spending policies are called.

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Fiscal policy

Public policy

Monetary Policy

Economic policy

National Bank of Pakistan was established in

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1949

1959

1960

1979

In foreign trde protection policy means.

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Restrictions on imports

Restrictions on exports

Restriction on transfer of foreign exchagne

All of the above

Which one of the NOT a principle of taxation

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Principle of equality

Pricniple of morality

Principleof certainty

Principle of diversity

Banks discout it and advance loans.

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Draft

Bill of exchange

Pay Order

Gold

State bank of Pakistan is run by

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Board of directors

Board of managers

Board of govenors

Board of bankers

Which of the following is an example of primary production

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Production of computer

Farmer grwoing wheat

Opening of new school

House wife bakes a cakes

The most importnat fature of money

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General acceptability

Store of value

Covertibility into gold

Medium of exchange

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

A closed economy is best described as one in which

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thre are no monopolies

No corporations

No extemalities

No international trade

The most important source of income of a goernemnt is.

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Foreign loans

Taxes

Printing of new money

Sale of governemnt property

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

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

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%

Cheque is

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Legal Money

Credit money

Paper money

Not money

It is assumption of quantity theory of money

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Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

Velocity of circulation of money means.

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Total demand for money

Annual increase in currency notes

Number of timesa unit of money changes hands

total supoly of money

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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