Question # 1

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

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

This will cause decrease in natioal income.

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Rise in exports

Rise in saving

Increas in taxese

B and C above

In GNP of pakistan rises. It will encourage

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Exports

Imports

Both

None

All are advantages of oreign trade Except.

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People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

Which source a private company cannot use?

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A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

A Triff

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Increase the volume trade

Reduces the volume of trade

Has no effect on volume of tradea

a and c above

Contribution of agriculture in Pakistan's national income is

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19%

29%

39%

49%

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

National Bank is.

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Public Sector bank

Private Bank

Microfianace bank

Specialised bank

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

Visible goods are recorded int his part of balance of payments account

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Current account

Capital account

Govt account

Official Account

According to Malthus Population increases by Pogression of kind

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Systematic

Arithmetic

Geometric

Automatic

National Bank of Pakistan was established in

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1949

1959

1960

1979

When economic development takes place

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Market imperfections increase

Population increases

Capital stock increases

B and C above

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Pakistan's domestic saving rate is

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2%

7%

17%

27%

Central banks rate of lending to commericalbanks is called.

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Interest rate

Discount rate

Money rate

Inflation rate

The goods which arw used directly by the people are called.

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Consumer goods

Capital good

Direct good

None

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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