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Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
It Japan and Pakistan start free trade differene in wges in two counties will
Choose an answer
Increase
Decrease
Double
No effect
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Question # 2
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 3
According to Malthus Population increases by Pogression of kind
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Systematic
Arithmetic
Geometric
Automatic
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Question # 4
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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Question # 5
Pakistan started its first five year plan in
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1947
1950
1955
1960
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Question # 6
Balance sheet of a bank has two parts
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Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 7
GDP atconstnat prices, calculated according to some base year is called.
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acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 8
The lower literacy rate in females is due to.
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Lack of access to educational institutions
Parental ignorance
Discriminatory socialnorms
all of the above
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Question # 9
Every country establishes central bank to
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Issue currency
To establish commercial bank
Toprepare governemnt budget
All of the of above
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Question # 10
When the country development
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Per capita incoe rises
Specialization increases
Urbanization rises
All of the above
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Question # 11
It is considered as investment
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Construction of a house
Purchase of an old house
Salaries of college professors
a and b above
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Question # 12
According to Keynes people demand money for purposes .
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1
2
3
4
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Question # 13
Progressive taxes
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Incereasegovernemnt revenue
Bring equality in distributio nof incomes
Act as panality for rich people
a and b of above
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Question # 14
Cash cannot be directly obtaines from a bank against
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Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 15
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 16
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
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Question # 17
Litracy rate is lower in
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Males
Females
Urban Areas
B and C above
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Question # 18
If TOYOTA Company estalishes a factory in Pakistan this will be recorded in balance of payments in the section.
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Capital account
Visible balnce
Invisible balnce
Official financing
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Question # 19
This is NOT money
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Currency
Prize Bond
Demand deposit oin a bank
Coins
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Question # 20
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 21
The goods which arw used directly by the people are called.
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Consumer goods
Capital good
Direct good
None
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