12th Class Economics MCQ Test With Answer for Economics Full Book

Economics online test MCQS ICS part (2) 12th class

Economics is main subject for ICS students. it is taught by expert and professional teachers . Economics is science that deals with production, distribution and consumption of goods or the services or the material welfare of mankind.

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ICS Part 2 Economics English Medium Full Book Test

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ICS Part 2 Economics English Medium Online Test

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  • Total Questions20

  • Time Allowed30

ICS Part 2 Economics English Medium Online Test

00:00
Question # 1

Unemployment rate in Pakisan is

Question # 2

Speculative demand for money depends upon

Question # 3

Drung inflation

Question # 4

Direct taxes are not included in

Question # 5

Contribution of industrial sector in Pakistan's GDP is.

Question # 6

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

Question # 7

Which is considered liablility by a bank

Question # 8

Oneof he following is NOT a feature of private finance.

Question # 9

Credit money is created by

Question # 10

Per capita Incom is.

Question # 11

Which statment is true

Question # 12

According to Keynes people demand money for purposes .

Question # 13

The receipt of payments for goods exported and imported are counted in .

Question # 14

State bank was established in .

Question # 15

Contribution of Industrial sector in Pakistan economy is.

Question # 16

The Government can colect funds from

Question # 17

The step will increse saving in Pakistan

Question # 18

The equation of exchange PT =MV was given by

Question # 19

Which of the followign is not included in personali income

Question # 20

Macroeconomics is concerned with.


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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
0 ICS Part 2 Economics English Medium Chapter 1 Online Test 66 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 2 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 3 Online Test 30 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 4 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 5 Online Test 50 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 6 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 7 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 8 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 9 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 10 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 11 Online Test 21 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 12 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 13 Online Test 20 Download PDF Launch Test

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ICS Part II Economics Important MCQ's

Sr.# Question Answer
1 Total value fo all final goods and services produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
2 The largest sector of Pakistan economy
A. Transport
B. Agriculture
C. Industry
D. Trade
3 The money called legal tender includes.
A. Currency notes and credit cards
B. Currency notes and bank deposits
C. Currency notes and coins
D. Currency notes and cheques
4 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
5 A country does not trade with othr contries is called an economy
A. Open
B. Closed
C. Independent
D. None
6 Which is not a Function of money
A. Make demand and supply equal
B. Medium of exchange
C. Store of value
D. Meaasure of value
7 Barter means.
A. Trade through metallic money only
B. Trade of goods ony excluding services
C. Trade without use of money
D. Trade of low value goods only
8 In erms of national income accounts, multiple counting efers to.
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
9 Out of the following the only reconised legal lender is.
A. Bank notes
B. Cheque
C. Draft
D. Credite card
10 When economic development takes place.
A. Market imperfections increase
B. Population increses
C. Capital stock increases
D. All of the above
ic

ICS Part 2 Economics English Medium Full Book Online Test

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