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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Pakistan is not a memebr of
Choose an answer
IMF
ECO
OPEC
World Bank
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Question # 2
It Japan and Pakistan start free trade differene in wges in two counties will
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Increase
Decrease
Double
No effect
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Question # 3
Private sector participation is expending in.
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Education
Health
Environment
a and b of the above
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Question # 4
Which of the following would NOT be included in GNP
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Govt. Transfer payments
Got. Purchase of an air plane
Payment for construction of highway
Salary paid for the presidents secretary
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Question # 5
If you borrow from a bak the amount which the bank charges is called.
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Interest rate
tax rate
discount rate
Market rate
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Question # 6
Pakistan Importss some goods and exports other goods primarily because of.
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Free goods
Comparative advantage
Unemployment
Self Sufficiency
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Question # 7
It is NOT an instrument of moneatry policy
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Discount Rate
Open market operation
Change in reserve ratio
Issue notes
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Question # 8
GDP atconstnat prices, calculated according to some base year is called.
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acutal GDP
Real GDP
Net GDP
Nominal GDP
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Question # 9
A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
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25 m
10 m
5 m
0 m
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Question # 10
Unemployment due to mechanizatin of agriculture is.
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Seasonal
Structural
Industrial
Personal
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Question # 11
State Bank policy of regulating intrst rate is called.
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Monetary policy
Commerical policy
Banking policy
Fiscal policy
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Question # 12
Transfer payments means.
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Bank loans
The payment without work
Payments made to all factors of production
Tax payments
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Question # 13
It is not included in estimation of national incoe
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Illegal income
Services of house wife
Imports
All are not included
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Question # 14
Commercial bank in Pakistan are supervised by
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State Bank
National Bank
Finance Minister
World Bank
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Question # 15
Trade between two countries can be useful if cost ratios of goods are.
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Equal
Different
Undertimed
Decreasing
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Question # 16
Which one is per capita income is
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Per worker income
Per person Income
Per family income
Per Industtrial unit income
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Question # 17
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 18
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 # 19
Visible exports include
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Remittance
Computer Hardware
Computer software
Transport cost
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Question # 20
The following is not a bank liability.
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Demand deposit
Time deposit
Loan
Saving Deposit
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Question # 21
Pursching power of money during defiation is.
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Increased
Reduced
Constant
Fluctuating
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