Question # 1

Credit money is created by

Choose an answer

Exchange bank

Commerical Bank

Finance companies

None of the above

Economic Development

Choose an answer

Is the same as economic growth

Means improvement in lifestyle

Exists when there is equal distributio of income

All of the above

What would encorage trade betwene two countries.

Choose an answer

Reduced tariffs

Quality control

Differente tax system

Fixing import quotes

Transfer payments means

Choose an answer

Bank loans

The payment without work

Tax payments

Payments made to all factors of production

Balance of payments of country includes.

Choose an answer

Current account

Monetry Account

Capital Account

All of the above

Barter means.

Choose an answer

Trade through metallic money only

Trade of goods ony excluding services

Trade without use of money

Trade of low value goods only

GNP is

Choose an answer

Total Sales in the economy

Total monetary transactions in an economy

Sum of market values of all goods and services prodcued in an economy

Totla spending in an economy

Paper money in Pakistan is

Choose an answer

Inconvertible

Convertible

Linked to gold

None of the above

Transfer payments are not included in national income becaues.

Choose an answer

Such payments are made to persons livnig abroad

Double counting would result

They are illegal

There is no method to account for these

Pakistan has a bankng system.

Choose an answer

Developed

Underdeveloped

Very unognsed

Inefficient

Oneof he following is NOT a feature of private finance.

Choose an answer

Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

It is assumption of quantity theory of money

Choose an answer

Velocity of circulation of money constant

Affects only industrial sector

Makes distribution of national income better

Has no effect on distribution of income

It helps countries to meet deficit in balcne of payments.

Choose an answer

IMF

WTO

World Bank

UNO

Credit money is created by

Choose an answer

Central bank

Commercial Bank

Government

All of the above

Value of money in pakistan in determined by

Choose an answer

Govt of Pakistan

General Price Level

State Bank Pakistan

Value of Dollar

This is NOT money

Choose an answer

Currency

Prize Bond

Demand deposit oin a bank

Coins

In the equation MV =PY represents

Choose an answer

Money supply

Money Demand

Maximum output

Minimum Optput

If saving exceed investment then

Choose an answer

National income rises

National income falls

National income is not affected

None of the above

The Government can colect funds from

Choose an answer

Taxes

Fees

Prices of public goods

All the three

Ten Rupee note is

Choose an answer

Token money

Creadit money

Legal Money

a and c of above

It is considered as investment

Choose an answer

Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

More Classes

Other Links

Economics Ics Part 2 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer