More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Govt.taxing and spending policies are called.
Choose an answer
Fiscal policy
Public policy
Monetary Policy
Economic policy
Previous
Skip
Next
Question # 2
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
Previous
Skip
Next
Question # 3
Whis is the most widely used tool of monetary policy
Choose an answer
Open market operation
Clearing house
Discount rate
Issuing of the note
Previous
Skip
Next
Question # 4
The following is not a bank liability.
Choose an answer
Demand Deposit
Time deposit
Loans
Saving Deposit
Previous
Skip
Next
Question # 5
Foreign Trade
Choose an answer
Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
Previous
Skip
Next
Question # 6
It is not included in estimation of national incoe
Choose an answer
Illegal income
Services of house wife
Imports
All are not included
Previous
Skip
Next
Question # 7
Working population in Pakistan i in the ratio of total population
Choose an answer
1/3
1/2
1/4
1/5
Previous
Skip
Next
Question # 8
Which shows equilibrium of national income
Choose an answer
Consumption = investment
Saving = investment
Saving > investment
Saving < investment
Previous
Skip
Next
Question # 9
Every country establishes centralbank to
Choose an answer
Issue notes
Supervise commerical bank
Giveloans to businessmen
a and b of above
Previous
Skip
Next
Question # 10
Profit and losss sharing is basis of finance under this system.
Choose an answer
Islamic
Capitalistic
Socialistic
None
Previous
Skip
Next
Question # 11
Which is money
Choose an answer
Cheque
Credite card
Currency
Prize Bond
Previous
Skip
Next
Question # 12
Foreign Trade are
Choose an answer
Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
Previous
Skip
Next
Question # 13
Personal income includes.
Choose an answer
Direct taxes
Indirect taxes
Depreciation
None of the above
Previous
Skip
Next
Question # 14
In the world population wise Pakistan is
Choose an answer
4th
5th
7th
10th
Previous
Skip
Next
Question # 15
In the equation MV =Py. V represents
Choose an answer
Value of money
Velocity of circulation of money
Variation of nation income
All of the above
Previous
Skip
Next
Question # 16
Open Market Operations is
Choose an answer
Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
Previous
Skip
Next
Question # 17
If C= 200 and I= 40 Than Y will equal
Choose an answer
160
240
200
8000
Previous
Skip
Next
Question # 18
If govermment increases taxes pivate savings.
Choose an answer
Increase
Decrease
Do not change
Will become zero
Previous
Skip
Next
Question # 19
When value of money falls, they benefits more
Choose an answer
Debtors
Lenders
Farmers
Industrialist
Previous
Skip
Next
Question # 20
The bank established for loans to very small enterprises is called.
Choose an answer
Micro Finance Bank
Modarba Bank
SME bank
Firs Mini Bank
Previous
Skip
Next
Question # 21
Govt. prepares its budget
Choose an answer
Weekly
Montly
Quarterly
Annually
Previous
Skip
Next
Back