Question # 1

Public spending on health is

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Less than 1%

More than 1 but less than 2%

More than 2 but less than 3%

More than 3

A skilled worker is an example of.

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Scarcity

An entrepreneur

The labour input

a and c above

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Which one of the NOT a principle of taxation

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Principle of equality

Pricniple of morality

Principleof certainty

Principle of diversity

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

Oneof he following is NOT a feature of private finance.

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Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

State Bank was established in

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1948

1950

1952

1954

Trade between two countries can be useful if cost ratios of goods are.

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Equal

Different

Undertimed

Decreasing

Largest Sector of Pakistan economy is.

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Agriculture

Industry

Transport

Services

Velocity of circulation of money means.

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Total demand for money

Annual increase in currency notes

Number of timesa unit of money changes hands

total supoly of money

When economic development takes place.

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Market imperfections increase

Population increses

Capital stock increases

All of the above

Government securities.

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MeanCurrency

Are near money

Are bought and sold on stock exchange market

B and C of above

Which is a monetary measure to increase employment.

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Increase in govt expenditure

Reduce govt expenditure

Increase in interest rate

Reducing intrest rate

The goods which arw used directly by the people are called.

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Consumer goods

Capital good

Direct good

None

Governmet finance is called.

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National finance

Public finance

Private finance

a and b above

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

Transfer payments include.

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Daily wages, pensions

Pensions Zakat

Taxes, pocket money

Zakat , taxes

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

All are advantages of oreign trade Except.

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People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

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