More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Economics Ics Part 2 English Medium Online Test MCQs With Answers
Question # 1
Net investment is
Choose an answer
Gross investment minus household investment
Gross investment minus govt. investment
Gross investment minus capital consumption allowance
None of the above
Previous
Skip
Next
Question # 2
Public spending on health is
Choose an answer
Less than 1%
More than 1 but less than 2%
More than 2 but less than 3%
More than 3
Previous
Skip
Next
Question # 3
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
Choose an answer
0
5 m
10 m
25 m
Previous
Skip
Next
Question # 4
Which of the followign tax is best example of ability to pay principle of taxes
Choose an answer
excise tax on cigratettes
Highway tolltax
Personal income tax
Proportional sales tax
Previous
Skip
Next
Question # 5
The most important source of income of a government is.
Choose an answer
Foreign loans
Printing of New money
Sale of government property
Taxes
Previous
Skip
Next
Question # 6
When National income is estimated by expenditue method we include.
Choose an answer
All govt expenditure
All houseolds expenditure
All of the above
All expenditure of the business sector
Previous
Skip
Next
Question # 7
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
Previous
Skip
Next
Question # 8
Pakistan Per capita income of constnat prics in 2020 is in dollars
Choose an answer
1450
2450
4450
6450
Previous
Skip
Next
Question # 9
Acting as lender of last resort a central bank lends to.
Choose an answer
Commercial Bank
Stock exchange
Money markets
Does not lend
Previous
Skip
Next
Question # 10
This steps will increase investment in Pakistan.
Choose an answer
Increse taxes
Increase population
Increase investment rate
Decrease intrest rate
Previous
Skip
Next
Question # 11
Commodity sector contributes to national income of Pakistan.
Choose an answer
40%
50%
60%
70%
Previous
Skip
Next
Question # 12
National Income is.
Choose an answer
Total Income earned in producing the national product
All taxes plus govt. spending
Sum of personal income and saving
NNP minus the capital consumption allowance
Previous
Skip
Next
Question # 13
Cash can NOT be directly drawn fro a bank against
Choose an answer
Cross Cheque
Order cheque
Bearer cheque
Traveller cheque
Previous
Skip
Next
Question # 14
A closed economy is best described as one in which
Choose an answer
thre are no monopolies
No corporations
No extemalities
No international trade
Previous
Skip
Next
Question # 15
The lower literacy rate in females is due to.
Choose an answer
Lack of access to educational institutions
Parental ignorance
Discriminatory socialnorms
all of the above
Previous
Skip
Next
Question # 16
Circular flow of income links
Choose an answer
Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
Previous
Skip
Next
Question # 17
Invisible items in balce of payments include.
Choose an answer
Foreign remittances
Income from tourism
Internet charges
All the three
Previous
Skip
Next
Question # 18
Cross cheque has tow lines drawn on
Choose an answer
Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
Previous
Skip
Next
Question # 19
National income is a measure of
Choose an answer
The zise of government revenue
Payments made to facor of production
Production f goods per day
Total working hours
Previous
Skip
Next
Question # 20
Per capita Incom is.
Choose an answer
Income per worker
Incomeper hea
Income per household
Income per industrial unit
Previous
Skip
Next
Question # 21
For the economy prices are beneficial
Choose an answer
Falling slowly
Rising slowly
Rising fast
Falling fast
Previous
Skip
Next
Back