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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
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 # 3
Monetary pollicy has the objective
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Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 4
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 # 5
The receipt of payments for goods exported and imported are counted in .
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Capital Account
Trade Account
Current account
Monetary account
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Question # 6
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 7
Whcih type of card is not issued by commmercial banks
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Credit card
Green card
ATM Card
Debit card
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Question # 8
Discount rae of state Bank of a Pakistan is
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Less than 5%
More than 5% but not more than 15%
More than 15% but not more than 25%
More than 25%
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Question # 9
The quantity demanded of money rises.
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As the intrest rate falls
As the intrest rate rises
As the supply of money falls
As the number of banks rises
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Question # 10
This is a characteristic of good money
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High intrinsic value
Liquidity
Attractive design
Easy to duplicate
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Question # 11
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 12
In erms of national income accounts, multiple counting efers to.
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The addition to GNP of multiple units of a good
Counting cureently producedgoods more than once
The inclusion in GNP of gross spending and taxes
Counting both goods and services
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Question # 13
Market value of all final goods and services produced in a country during a year is definition
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GNP
NNP
NI
Consumption
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Question # 14
Foreign Trade
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Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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Question # 15
Which is a flow concept.
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Number of my shirts
My montly income
My total wealth
Money Supply
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Question # 16
If we put this letter in the blank space we get quantity theory of money PY =M
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S
T
V
A
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Question # 17
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 # 18
The have a functional relation
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Consumption and national income
Consumption and saving
Consumption and investment
All of the above
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Question # 19
Macroeconomics is concerned with.
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Aggregate economic activity
Spending decisions of households
Hod to produce goods
How tobuy stocks and bonds
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Question # 20
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
Choose an answer
0
5 m
10 m
25 m
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Question # 21
The largest share in Pakistan's GNP is that of.
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Services
Industry
Agriculture
Banking
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