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.

Ilmkidunya makes tremendous efforts to provide the students quality educational data Ilmkidunya is providing online test services here for the online preparation. It is best and easy way to get prepare for the exams. There is ample of question are available on the website. These multiple choice questions, short Question /answer are made by under the instruction of expert teachers. Students are able to judge their ability and skills by solving this online test. There is 20 percent paper consist of objective. Students have to solve this part for getting good numbers. After solving these MCQS. Students not only become more competent but it also makes the students more comprehensive knowledge on the subject. Students can achieve brilliant success after attempting the entire question. Students can also review the result. Economics ICS part (2) students can practice these test again and again until they become fully expert in it

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ICS Part 2 Economics English Medium Full Book Test

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ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

ICS Part 2 Economics English Medium Online Test

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  • Total Questions20

  • Time Allowed30

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ICS Part 2 Economics English Medium Online Test

00:00
Question # 1

In 2018 Pkistan's total population stands approximately at

Question # 2

If we include it. national income will be over estimated

Question # 3

It would increase the lvel of national income.

Question # 4

In circular flow model

Question # 5

Union leaders are in a better position to bargain for higher wages if labour demand is.

Question # 6

It is avoided to make correct estimate of national income.

Question # 7

Pakistan's domestic saving rate is

Question # 8

Pursching power of money during defiation is.

Question # 9

In the equation MV =Py. V represents

Question # 10

Governmet finance is called.

Question # 11

This will cause decrease in natioal income.

Question # 12

When economic development takes place

Question # 13

Which of the following would increase national income.

Question # 14

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

Question # 15

It is the medium of exchange

Question # 16

If saving exceed investment then

Question # 17

It helps countries to meet deficit in balcne of payments.

Question # 18

Government securities.

Question # 19

Cross cheque has tow lines drawn on

Question # 20

Commercial banks are able to create money by

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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 Which is the charactertistic of good money
A. Has good design
B. Has high value
C. Has a fixed value in gold
D. Is readily accepted by people
2 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
3 Pakistan is not a memebr of
A. IMF
B. ECO
C. OPEC
D. World Bank
4 In the world population wise Pakistan is
A. 4th
B. 5th
C. 7th
D. 10th
5 Pakistan Per capita income of constnat prics in 2020 is in dollars
A. 1450
B. 2450
C. 4450
D. 6450
6 Which of the followign tax is best example of ability to pay principle of taxes
A. excise tax on cigratettes
B. Highway tolltax
C. Personal income tax
D. Proportional sales tax
7 Labour includes
A. The inventor
B. The innovator
C. The unskilled worker
D. All of the above
8 Pakistan is an economy
A. Developing
B. Developed
C. Fast growing economy
D. a and c above
9 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
10 Economic Development
A. Is the same as economic growth
B. Means improvement in lifestyle
C. Exists when there is equal distributio of income
D. All of the above
ic

ICS Part 2 Economics English Medium Full Book Online Test

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