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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
When economic development takes place
Choose an answer
Market imperfections increase
Population increases
Capital stock increases
B and C above
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Question # 2
Speculative demand for money depends upon
Choose an answer
Income
Investment
Rate of Interest
Central bank
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Question # 3
If a person is more intrested to earn income he shud deposit his money in
Choose an answer
Demand deposits
Time deposit
Saving account
Profit loss account
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Question # 4
In economics one of more persons living in a joint family are called a
Choose an answer
Community
Social gathering
Super family
Household
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Question # 5
Which one is per capita income is
Choose an answer
Per worker income
Per person Income
Per family income
Per Industtrial unit income
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Question # 6
It is assumption of quantity theory of money
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Velocity of circulation of money constant
Affects only industrial sector
Makes distribution of national income better
Has no effect on distribution of income
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Question # 7
Demand deposite are
Choose an answer
Bank notes
Money
Considered as ner money
Legal money
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Question # 8
Demand deposite mean
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Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 9
The largest type fo in come in the Pakistan is
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Compensation of employees
Propretors income
Rental income
Corporate profits
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Question # 10
In Pakistan Income tax is
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Progressive tax
Regressive tax
Proportional tax
Fixed tax
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Question # 11
Which statemetn is true of the relationship betwene bond prices and bond yields.
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They very invesrsely
They are not related
They tool very directly
They are related in long run and not in the short run
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Question # 12
A country does not trade with othr contries is called an economy
Choose an answer
Open
Closed
Independent
None
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Question # 13
National Bank of Pakistan was established in
Choose an answer
1949
1959
1960
1979
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Question # 14
Whis is the most widely used tool of monetary policy
Choose an answer
Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 15
Standard of living of worker depends upon their
Choose an answer
Nominal wages
Real wages
Average product
Govt. Policy
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Question # 16
The quantity demanded of money rises.
Choose an answer
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 # 17
Central banks rate of lending to commericalbanks is called.
Choose an answer
Interest rate
Discount rate
Money rate
Inflation rate
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Question # 18
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 # 19
The natures of unemployment due to machanization of agriculture is
Choose an answer
Seasonal
Structural
Frictional
Permanent
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Question # 20
According to Keynesmotives for holding money are.
Choose an answer
Two
Three
Four
Five
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Question # 21
Consumption spending does NOT include.
Choose an answer
Household's purchases of clothes
Household's purchase of a car
Household's paymnet of rent for an apartment
Household's purchase of shares of a business corporation
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