Question # 1

Barter means.

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Trade through metallic money only

Trade of goods ony excluding services

Trade without use of money

Trade of low value goods only

It is considred as transfer payments

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Salaries of govet emplyees

Bonus of bank employees

Inemployment allowance paid by govt

Free medical are to offers.

In Pakistan Income tax is

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Progressive tax

Regressive tax

Proportional tax

Fixed tax

Consumption is a function of.

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Saving

Investment

Income

Expenditure

According to Malthus Population increases by Pogression of kind

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Systematic

Arithmetic

Geometric

Automatic

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

Threre are methods of measurieng natinal income

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5

4

2

3

When the country development

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Per capita incoe rises

Specialization increases

Urbanization rises

All of the above

The percentage of our labour force workign in agricultureis.

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13%

24%

33%

43%

In Pakistan money a account is

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Paisa

Rupee

Gold

Dollar

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

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

Value of circulation money means by number of times a unit of money

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Change hands daily

Change hand annually

change hands montly

Change purchacing power

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

Which source a private company cannot use?

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A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

Whis is the most widely used tool of monetary policy

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Open market operation

Clearing house

Discount rate

Issuing of the note

In erms of national income accounts, multiple counting efers to.

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The addition to GNP of multiple units of a good

Counting cureently producedgoods more than once

The inclusion in GNP of gross spending and taxes

Counting both goods and services

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

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