Terminology MCQs Online Test

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Sr.#	Question	Answer
1	If interest payment is deducted from the fiscal deficit,then the balance is-	A. Primary deficit B. Budgetary deficit C. Revenue deficit D. Monetary deficit
2	What is necessary to control cost push inflation?	A. To impose control on wages of labour B. To remove market imperfections C. Both of the above D. None of the above
3	When did World Trade Organization replace GATT?	A. 1 January 1995 B. 1 January 1998 C. 1 December 1999 D. 1 June 2000
4	The nature of statistical inference is?	A. Inductive B. Deductive C. Descriptive D. Objective
5	An increase in national income is likely to:	A. Decrease tax receipts B. Worsen the balance of trade C. Automatically cause an increase in government spending D. Cause an increase in injections into the economy
6	When a bank loan is repaid the supply of money:	A. Is constant but its composition will have changed B. Is decreased C. Is increased D. May either increase or decrease
7	World Economic Outlook report is issued annually by?	A. IMF B. ILO C. WHO D. World Bank
8	In the world population-wise Pakistan is	A. 3rd B. 4th C. 6th D. 8th
9	A political theory said that when a particular group is entitled to give legitimate orders over some area is know as:	A. De Jure rule B. De Facto rule C. Executive rule D. All of above
10	Which is the main reason of demand pull inflation?	A. Increase in money supply B. Increase in commercial expenditure C. Increase in foreign demand for goods D. All of the above