| 1 |
In Pakistan government budget is prepaid by |
- A. National assembly
- B. President of Pakistan
- C. Ministry of finance
- D. State bank of Pakistan
|
| 2 |
It is drawback of protection |
- A. Consumers have to pay higher prices
- B. Quality of goods may be affected
- C. Producers get higher prifits
- D. All of abvoe
|
| 3 |
The country that does not trade with other countries is called |
- A. Developed economy
- B. Closed economy
- C. Independent economy
- D. None of above
|
| 4 |
How the government can meet its expenditure |
- A. By taxing people
- B. By borrowing from banks and other governments
- C. By printing new money
- D. By all the three methods
|
| 5 |
Gold standard means |
- A. Currency must be made of gold
- B. Paper currency isnot used
- C. Currency is freely convertible into gold
- D. a and c above
|
| 6 |
In foreign trade, Protection policy means. |
- A. restrictions on imports
- B. Restriction on transfer of foreign exchange
- C. Restrictions on exports
- D. all of the above
|
| 7 |
Trade between two countries cab be useful if const ratios of goods are |
- A. Equal
- B. Different
- C. Undetermined
- D. Decreasing
|
| 8 |
Progressive taxes |
- A. Increase government revenue
- B. Bring equality in distribution of income
- C. Act as penalty for rich people
- D. A and B of above
|
| 9 |
Modern theory of international trade is bases on the view of |
- A. Robbins and Ricardo
- B. Adam smith and Marshall
- C. Heckscher and Ohlin
- D. Saleem and Kareem
|
| 10 |
Govt. prepares its budget |
- A. Weekly
- B. Monthly
- C. Quarterly
- D. Annually
|
