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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
This is NOT money
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Currency
Prize Bond
Demand deposit oin a bank
Coins
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Question # 2
Total value of allfinal goods andservices produced annually by a country.
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NNP
GNP
GDP
NI
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Question # 3
Invisible items in balce of payments include.
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Foreign remittances
Income from tourism
Internet charges
All the three
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Question # 4
The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.
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6%
9%
12%
15%
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Question # 5
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
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0
5 m
10 m
25 m
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Question # 6
It is NOT an instrument of monetary policy
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Bank rate
Open market operations
Change in resere rato
Issure notes
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Question # 7
Which of the followign is not included in personali income
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Social security benefits
Dividend payments
Undistributed corporate profits
Interest received from of saving certificates
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Question # 8
In erms of national income accounts, multiple counting efers to.
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The addition to GNP of multiple units of a good
Counting cureently producedgoods more than once
The inclusion in GNP of gross spending and taxes
Counting both goods and services
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Question # 9
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 # 10
Equilibrium of national income will be when
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S >I
S < I
S = I
S - 1
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Question # 11
Forest cover in Pakistanis.
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2%
4%
6%
8%
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Question # 12
According to Keynes people demand money for purposes .
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1
2
3
4
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Question # 13
If indirect taxes are deducted from NNP and subsidies are added. we achieve
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Personla savings
DPI
National Income
Percapita inocme
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Question # 14
Which is money
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Cheque
Credite card
Currency
Prize Bond
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Question # 15
Which is the charactertistic of good money
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Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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Question # 16
The percentage of our labour force workign in agricultureis.
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13%
24%
33%
43%
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Question # 17
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 # 18
Population Growth rate in Pakistan is
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0.9%
19%
2.9 %
3.9%
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Question # 19
Whis is the most widely used tool of monetary policy
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Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 20
In equilibrium of nationalincome.
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S > I
S = I
S < I
All are true
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Question # 21
Macroeconomics is concerned with.
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Aggregate economic activity
Spending decisions of households
Hod to produce goods
How tobuy stocks and bonds
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