Question # 1

Exports of goods is called trade in

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Visible good

Invisibel goods

Basic goods

None real goods

Which of the followign tax is best example of ability to pay principle of taxes

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excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Nationalisation of banks was done in

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1974

1976

1978

1980

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

In 2018 Pkistan's total population stands approximately at

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11 cores

21 cores

31 cores

41 cores

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

National Bank is.

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Public Sector bank

Private Bank

Microfianace bank

Specialised bank

If C= 200 and I= 40 Than Y will equal

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160

240

200

8000

According to Malthus Population increases by Pogression of kind

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Systematic

Arithmetic

Geometric

Automatic

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

Visible imports include.

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Remittance

Machinery

Computer Software

Transport cost

Value of money in pakistan in determined by

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Govt of Pakistan

General Price Level

State Bank Pakistan

Value of Dollar

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

The largest type fo in come in the Pakistan is

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Compensation of employees

Propretors income

Rental income

Corporate profits

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

Speculative demand for money depends upon

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Income

Investment

Rate of Interest

Central bank

In the equation MV =Py. V represents

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Value of money

Velocity of circulation of money

Variation of nation income

All of the above

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

Gross nationa product includes

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A loan from one's parents

A loan from a domestic bank

A loan from other countries

None of theabove

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