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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Balance sheet of a bank has two parts
Choose an answer
Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 2
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 3
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 4
Economic planning in Pakistan started
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During 1950s
During 1960s
During 1970s
During 1980s
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Question # 5
For the economy prices are beneficial
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Falling slowly
Rising slowly
Rising fast
Falling fast
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Question # 6
Transfer payments include.
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Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
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Question # 7
The largest part of national income goes to
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Consumption
Investment
Saving
Transfer payment
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Question # 8
Exchange rate for currencies is determined by supply and demand in system of.
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Fixed exchange
flexible
Constatn
Regulated
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Question # 9
This is a difficulty of barter
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Lack of double coincidence of wants
Diffculty to produce goods at larger scale
Lack of divisiblility of many goods
All of the above
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Question # 10
In Pakistan money a account is
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Paisa
Rupee
Gold
Dollar
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Question # 11
When economic development takes place
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Market imperfections increase
Population increases
Capital stock increases
B and C above
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Question # 12
Which source a private company cannot use?
Choose an answer
A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 13
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
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Question # 14
Which is likely to be higher in a developing country like Pakistan.
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Birth Rate
GDP per head
Life expeciancy
Net investment per head
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Question # 15
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 16
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 17
Central banks rate of lending to commercial banks is called.
Choose an answer
Money rate
Control rate
Intrested rate
Discount rate
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Question # 18
Who is unemployed
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House wife
College Student
Afreshly graduated engineer who is searching for a job
A peer who lives on gifts from murreds
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Question # 19
Working population is percent of total population of Pakistan.
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23%
33%
43%
53%
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Question # 20
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
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Question # 21
Governmet finance is called.
Choose an answer
National finance
Public finance
Private finance
a and b above
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