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Terminology Online Test MCQs With Answers
Question # 1
Who prepared budget of Pakistan?
Choose an answer
National Assembly
President of Pakistan
Ministry of France
State Bank of Pakistan
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Question # 2
To control inflation the central bank should do:
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To sell government securities and to decrease bank rate
To sell government securities and to increase bank rate
To purchase government securities and to increase bank rate
To purchase government securities and to decrease bank rate
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Question # 3
Market where goods and services are offered for sale?
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Factor market
product market
productivity
service
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Question # 4
When the economic activity in an economy is on the decline, then it is called a:
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Boom
Depression
Deflation
Recession
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Question # 5
If the economy grows the government's budget position will automatically:
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Worsen
Improve
Stay the same
Increase with inflation
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Question # 6
Uruguay Round of multilateral trade negotiations:
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Started in 1986 and completed at the end of 1993
Replaced the GATT with WTO
Brought services and agriculture into WTO
all of the above
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Question # 7
In common meaning inflation is a condition in which__
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Price of commodity increases
Value of money decreases
Price of Commodity and value of both increases
Price of commodity increases and value of money decreases
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Question # 8
VPP stands for:
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Value Payable post
Vary Payable post
Value payable please
Value please post
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Question # 9
Which is the main reason of demand pull inflation?
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Increase in money supply
Increase in commercial expenditure
Increase in foreign demand for goods
All of the above
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Question # 10
Where is the headquarters of East African Development Bank?
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Uganda
South Africa
Zambia
Zimbabwe
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Question # 11
GEAC is an important organization in India, What is its full form?
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General eating and acting committee
General engineering Approval corporation
Genetic Engineering Approval Committee
Genetic Engineering Approval Corporation
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