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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which of the following is an example of primary production
Choose an answer
Production of computer
Farmer grwoing wheat
Opening of new school
House wife bakes a cakes
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Question # 2
By 2018 Pakistan's total population reached approximately
Choose an answer
180 million
210 million
240 million
270 million
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Question # 3
Governmet finance is called.
Choose an answer
National finance
Public finance
Private finance
a and b above
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Question # 4
Productive of labour can be increases by
Choose an answer
Raising minimum wages
Raising avarege wages
Increaseing skills of workers
All of the above
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Question # 5
Cheque is
Choose an answer
Legal Money
Credit money
Paper money
Not money
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Question # 6
Balance of payments of country includes.
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Current account
Monetry Account
Capital Account
All of the above
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Question # 7
It is direct tax
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Excise tax
Sales tax
Income tax
Custom duty
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Question # 8
Population Growth rate in Pakistan is
Choose an answer
0.9%
19%
2.9 %
3.9%
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Question # 9
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 # 10
The receipt of payments for goods exported and imported are counted in .
Choose an answer
Capital Account
Trade Account
Current account
Monetary account
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Question # 11
Which of the followign is not included in personali income
Choose an answer
Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 12
The largest type of income in the Pakistan is
Choose an answer
Compensation of employees
Rental income
Proprietors income
Coporate profits
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Question # 13
Monetary pollicy has the objective
Choose an answer
Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 14
When the country development
Choose an answer
Per capita incoe rises
Specialization increases
Urbanization rises
All of the above
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Question # 15
Transfer payments means.
Choose an answer
Bank loans
The payment without work
Payments made to all factors of production
Tax payments
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Question # 16
Which is a function of commercial bank
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Acting as a govt. banker
Fixing the exchange rate
Making loans
Issueing bank notes
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Question # 17
If no money is used to exchange goods it is called.
Choose an answer
Barter
Currency
Black Market
Free Trade
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Question # 18
10- Rupees note is issued by
Choose an answer
National Bank
State Bank
Govt of Pakistan
Governour State bank
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Question # 19
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 20
Which is the charactertistic of good money
Choose an answer
Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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Question # 21
Which measure has the larger value .
Choose an answer
NNP
GNP
GDP
NI
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