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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which is not a Function of money
Choose an answer
Make demand and supply equal
Medium of exchange
Store of value
Meaasure of value
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Question # 2
Commercial Bank create
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Credit money
Token money
Legal Money
Do not create money
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Question # 3
According to Malthus Population increases by Pogression of kind
Choose an answer
Systematic
Arithmetic
Geometric
Automatic
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Question # 4
In foreign trde protection policy means.
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Restrictions on imports
Restrictions on exports
Restriction on transfer of foreign exchagne
All of the above
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Question # 5
Out of the following the only reconised legal lender is.
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Bank notes
Cheque
Draft
Credite card
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Question # 6
The Government can colect funds from
Choose an answer
Taxes
Fees
Prices of public goods
All the three
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Question # 7
Which type of card is not issued by central banks
Choose an answer
Credi card
Debit card
ATM Card
None is issued by it
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Question # 8
Environment includes.
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Ecosystem
Wildlife
Forests
All of the above
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Question # 9
It is the medium of exchange
Choose an answer
Black money
Currency
Near money
Foreign exchange
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Question # 10
It is direct tax
Choose an answer
Excise tax
Sales tax
Income tax
Custom duty
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Question # 11
Every country establishes central bank to
Choose an answer
Issue currency
To establish commercial bank
Toprepare governemnt budget
All of the of above
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Question # 12
What would encorage trade betwene two countries.
Choose an answer
Reduced tariffs
Quality control
Differente tax system
Fixing import quotes
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Question # 13
It is not a facor of economic development
Choose an answer
Money
Land
Capital
Technology
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Question # 14
This is a characteristic of good money
Choose an answer
High intrinsic value
Liquidity
Attractive design
Easy to duplicate
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Question # 15
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 # 16
A Triff
Choose an answer
Increase the volume trade
Reduces the volume of trade
Has no effect on volume of tradea
a and c above
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Question # 17
Unemployment tkes place because of.
Choose an answer
High demand for labour
High population growth rate
More exports
Higher education
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Question # 18
In the equation MV =Py. V represents
Choose an answer
Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 19
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 20
Visible goods are recorded int his part of balance of payments account
Choose an answer
Current account
Capital account
Govt account
Official Account
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Question # 21
Medium term plan covers
Choose an answer
Less than 2 years
3 to 5 years
5 to 10 years
10 to 15 years
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