Question # 1

Which one of the NOT a principle of taxation

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Principle of equality

Pricniple of morality

Principleof certainty

Principle of diversity

Which measure has the larger value .

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NNP

GNP

GDP

NI

Contribution of industrial sector in Pakistan's GDP is.

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20%

30%

40%

50%

It is transfer payment

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Payment o college tuition

A social securiy payment

Payment for a leased car

Intrest paid for a bank loan

Pakistan Importss some goods and exports other goods primarily because of.

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Free goods

Comparative advantage

Unemployment

Self Sufficiency

National Bank is.

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Public Sector bank

Private Bank

Microfianace bank

Specialised bank

Marginal propensity to consume MPC is.

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Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

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0.25

4

0.4

Billion Rupees

National Bank of Pakistan is

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Industrial Bank

Commercial Bank

Central Bank

Investment Bank

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

When economic development takes place.

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Market imperfections increase

Population increses

Capital stock increases

All of the above

Short term loans can be obtained in.

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Money market

Capital market

Exchange market

Stock Market

Which statemetn is true of the relationship betwene bond prices and bond yields.

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They very invesrsely

They are not related

They tool very directly

They are related in long run and not in the short run

Paper money in Pakistan is

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Inconvertible

Convertible

Linked to gold

None of the above

National Bank of Pakistan was established in

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1949

1959

1960

1979

Average growth rate of Pakistan's national income in past five years have been

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3%

13%

23%

33%

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

Money Material should be

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Abundant

Scarce

Beautiful

Heavy

Unemployment rate in Pakisan is

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6%

16%

20%

More than 20%

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

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The exchange rate

The money supply

The interest rate

The real national income

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