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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Money Material should be
Choose an answer
Abundant
Scarce
Beautiful
Heavy
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Question # 2
Pakistan Importss some goods and exports other goods primarily because of.
Choose an answer
Free goods
Comparative advantage
Unemployment
Self Sufficiency
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Question # 3
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 # 4
Threre are methods of measurieng natinal income
Choose an answer
5
4
2
3
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Question # 5
If money supply in a country decreses
Choose an answer
Price will rise
Price will fall
Rate of intrese falls
B and C of above
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Question # 6
Our exportw mainly counsist of.
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Cotton Product
Machinery
Sports goods
a and c above
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Question # 7
It is counted in GDP
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Sale price of an old car
A TV set produced this year but not sold
Purchase of 100 shares of PSO
The leisure people consume
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Question # 8
Under normal circumstances the velocity of circulation of money in a contry is.
Choose an answer
100%
negative
Less than 10
Zero
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Question # 9
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.
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Question # 10
Infrant mortality rate in Pakistanis.
Choose an answer
45
65
85
105
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Question # 11
Life expectancy in Pakistan is
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Less than 60 years
Betwene 60 and 70 years
Between 70 and 80 years
More than 80 years
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Question # 12
Transfer payments include.
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Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
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Question # 13
An asset is liquid when it is
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Being traded frequnetly
Earning a good rate of return
Is money or easily converted into money
All of the above
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Question # 14
It is NOT an instrument of moneatry policy
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Discount Rate
Open market operation
Change in reserve ratio
Issue notes
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Question # 15
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
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Question # 16
Pakistan Per capita income of constnat prics in 2020 is in dollars
Choose an answer
1450
2450
4450
6450
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