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Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
State bank of Pakistan is run by
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Board of directors
Board of managers
Board of govenors
Board of bankers
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Question # 2
If a person is more intrested to earn income he shud deposit his money in
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Demand deposits
Time deposit
Saving account
Profit loss account
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Question # 3
Exchange rate for currencies is determined by supply and demand in system of.
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Fixed exchange
flexible
Constatn
Regulated
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Question # 4
Flxible exchange rate sytem has the advantage.
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Automatic adjustment of balcne of payments
Easy to borrow form world bank
Encouragds exports
None of the above
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Question # 5
Consumption is a function of.
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Saving
Investment
Income
Expenditure
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Question # 6
In 2018 Pkistan's total population stands approximately at
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11 cores
21 cores
31 cores
41 cores
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Question # 7
Which type of card is not issued by central banks
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Credi card
Debit card
ATM Card
None is issued by it
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Question # 8
Balance of payments of country includes.
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Current account
Monetry Account
Capital Account
All of the above
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Question # 9
A skilled worker is an example of.
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Scarcity
An entrepreneur
The labour input
a and c above
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Question # 10
Under normal circumstances the velocity of circulation of money in a contry is.
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100%
negative
Less than 10
Zero
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Question # 11
Pakistan Started its planning expence with
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Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 12
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 13
Population Growth rate in Pakistan is
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0.9%
19%
2.9 %
3.9%
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Question # 14
Exports of goods is called trade in
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Visible good
Invisibel goods
Basic goods
None real goods
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Question # 15
The bank established for loans to very small enterprises is called.
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Micro Finance Bank
Modarba Bank
SME bank
Firs Mini Bank
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Question # 16
According to Malthus Population increases by Pogression of kind
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Systematic
Arithmetic
Geometric
Automatic
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Question # 17
Which source a private company cannot use?
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A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 18
This steps will increase investment in Pakistan.
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Increse taxes
Increase population
Increase investment rate
Decrease intrest rate
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Question # 19
This is not a Principal of taxation
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Principal of equality
Pricipal of secracy
Principal of adequacy
Principal of convenience
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Question # 20
Cash cannot be directly obtaines from a bank against
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Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 21
Value of money and supply of money are related.
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Inversely
Directly
Govt.Law
Are not related
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