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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
This wil cause anincrease in national income
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Rise in exports
Fall in consumer spending
Rise in imports
Increase in saving
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Question # 3
Unemployment rate in Pakisan is
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6%
16%
20%
More than 20%
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Question # 4
National Income is.
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Total Income earned in producing the national product
All taxes plus govt. spending
Sum of personal income and saving
NNP minus the capital consumption allowance
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Question # 5
By 2018 Pakistan's total population reached approximately
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180 million
210 million
240 million
270 million
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Question # 6
What would encourage trade betwene two countries.
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Different tax system
Frontier checks
National currencies
Reduce traiff
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Question # 7
The money called legal tender includes.
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Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 8
The following is not a bank liability.
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Demand deposit
Time deposit
Loan
Saving Deposit
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Question # 9
Which measure has the larger value .
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NNP
GNP
GDP
NI
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Question # 10
Rupee is a coin
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Full value
Token money
Credite money
Convertible
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Question # 11
Visible imports include.
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Remittance
Machinery
Computer Software
Transport cost
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Question # 12
In GNP of pakistan rises. It will encourage
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Exports
Imports
Both
None
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Question # 13
To determine the correct level of GNP ,it is necessary to.
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Add up the values of goods and services during one year
Add up allsavings
Count all imports
Add up the value of semi finished goods
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Question # 14
Forest in Pakistan are decreasing beacause.
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Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
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Question # 15
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 # 16
A Triff
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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
Pakistan Started its planning expence with
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Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 18
When value of money falls, they benefits more
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Debtors
Lenders
Farmers
Industrialist
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Question # 19
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 # 20
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 # 21
Which type of cheque is more safe for transfer of money
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Cross cheque
Order cheque
Traveller cheque
Bearer cheque
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