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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
According to Keynesmotives for holding money are.
Choose an answer
Two
Three
Four
Five
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Question # 2
There are obstacles to rapid economic development of Pakistan
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Social
Political
Cultural
All of the above
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Question # 3
Which of the followign is not included in personali income
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Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 4
Open Market Operations is
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Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
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Question # 5
Banks discount it and adance loans.
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Draft
Bill of Exchange
pay order
Gold
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Question # 6
Contribution of Industrial sector in Pakistan economy is.
Choose an answer
24%
24%
14%
Less than 10%
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Question # 7
Govt policy about exports and imports is called.
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Monetary policy
Fiscal policy
Commercial Policy
Finance policy
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Question # 8
When value of money falls, they benefits more
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Debtors
Lenders
Farmers
Industrialist
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Question # 9
Unemployment tkes place because of.
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High demand for labour
High population growth rate
More exports
Higher education
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Question # 10
Real national income increases when
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Prics of goods are rising
National savings increases
Quantity of goods and services increases
None of the above
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Question # 11
Consumption spending does NOT include.
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Household's purchases of clothes
Household's purchase of a car
Household's paymnet of rent for an apartment
Household's purchase of shares of a business corporation
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Question # 12
If govermment increases taxes pivate savings.
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Increase
Decrease
Do not change
Will become zero
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Question # 13
10- Rupees note is issued by
Choose an answer
National Bank
State Bank
Govt of Pakistan
Governour State bank
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Question # 14
Theory of omparative advantages was presented.
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Ricardo
Adam Smith
Hicks
Arshad
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Question # 15
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
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Question # 16
Policy of Protecton in trade
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Facilitates trade
Protects local producers
Protects foreign producers
Protects exporters
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Question # 17
If saving exceed investment then
Choose an answer
National income rises
National income falls
National income is not affected
None of the above
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Question # 18
Cash can NOT be directly drawn fro a bank against
Choose an answer
Cross Cheque
Order cheque
Bearer cheque
Traveller cheque
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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
It is duducted from GNP to find NNP
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Saving
Direct taxes
Depreciatin allowance
Subsidies
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Question # 21
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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