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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
If C= 200 and I= 40 Than Y will equal
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160
240
200
8000
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Question # 2
Measurement of economic development is based on.
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Monetary income
Real Income
Future income
Permenent Income
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Question # 3
State Bank policy of regulating intrst rate is called.
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Monetary policy
Commerical policy
Banking policy
Fiscal policy
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Question # 4
When a commercial bank creaes credite. Its immediate effect is tha tit raises.
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The exchange rate
The money supply
The interest rate
The real national income
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Question # 5
Pakistan needs
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Economic planning
Population Planning
Educational Planning
All of the above
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Question # 6
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 7
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 8
Commercial banks are able to create money by
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Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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Question # 9
When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
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0.25
4
0.4
Billion Rupees
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Question # 10
Paper money in Pakistan is
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Inconvertible
Convertible
Linked to gold
None of the above
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Question # 11
Whis is the most widely used tool of monetary policy
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Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 12
PI is equivalent to
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DPI Minus personal taxes
DIP Plus unerned receipts
DPI Minus income earned but not received
NI plus unearned receipts minus personal taxes
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Question # 13
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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Question # 14
All labour is
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Homogeneious
Heterogenecous
Lazy
Intelligent
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Question # 15
Whenthe state bank wants be decrease money supply in the country it.
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Buys govt securities is stock market
Sells govt securities
Lowers siscount rate
B and C
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Question # 16
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 17
Govt policy about exports and imports is called.
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Monetary policy
Fiscal policy
Commercial Policy
Finance policy
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Question # 18
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 19
In Pakistan money a account is
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Paisa
Rupee
Gold
Dollar
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Question # 20
IMF has given loan to Pakistan. It wilimprove Pakistan's
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Current account
Capital Account
Overall balance of payments
B and c above
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Question # 21
Market value of all final goods and services produced in a country during a year is definition
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GNP
NNP
NI
Consumption
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