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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
In foreign trde protection policy means.
Choose an answer
Restrictions on imports
Restrictions on exports
Restriction on transfer of foreign exchagne
All of the above
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Question # 2
If a person is more intrested to earn income he shud deposit his money in
Choose an answer
Demand deposits
Time deposit
Saving account
Profit loss account
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Question # 3
We can increase rate of economic growth in Pakistna if we icrease.
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Investment
Population
Imports
taxes
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Question # 4
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 # 5
Net Exports are
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Total Exports plus total imports
Total exports minus total imports
Total exports divided by total imports
Total imports minus total exports
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Question # 6
Paper money in Pakistan is
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Inconvertible
Convertible
Linked to gold
None of the above
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Question # 7
It is considered as investment
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Construction of a house
Purchase of an old house
Salaries of college professors
a and b above
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Question # 8
All are advantages of oreign trade Except.
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People get foreign exchange
Difference in politicla system
Difference in markets
Difference in ideology
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Question # 9
National Income = Ntional Expenditure is an
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Equation
Identity
Function
None
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Question # 10
Convert money means.
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It can buy goods
Govt. give gold against
Illegal money
Low value money
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Question # 11
Acting as lender of last resort a cenral bank lend to.
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Money market
Stock exchange
Commercial Bank
Does not lend
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Question # 12
Balance sheet of a bank has two parts
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Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 13
Pakistan needs
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Economic planning
Population Planning
Educational Planning
All of the above
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Question # 14
When economic development takes place.
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Market imperfections increase
Population increses
Capital stock increases
All of the above
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Question # 15
GNP is always.
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Less than NNP
Grether than NNP
Equal to NNP
Is found from NNP
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Question # 16
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 # 17
Government securities.
Choose an answer
MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 18
InPakistan government budget is prepared by
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National Assembly
Presidnet of Pakistan
Ministry of Finance
State Bank of Pakistan
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Question # 19
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
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Question # 20
GNP is
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Total Sales in the economy
Total monetary transactions in an economy
Sum of market values of all goods and services prodcued in an economy
Totla spending in an economy
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Question # 21
Gross nationa product includes
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A loan from one's parents
A loan from a domestic bank
A loan from other countries
None of theabove
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