Question # 1

In the equation MV =Py. V represents

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Value of money

Velocity of circulation of money

Variation of nation income

All of the above

Real national income increases when

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Prics of goods are rising

National savings increases

Quantity of goods and services increases

None of the above

Every country establishes central bank to

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Issue currency

To establish commercial bank

Toprepare governemnt budget

All of the of above

This is a difficulty of barter

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Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

Which one is investment in economics

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Building a factory

Buyig shares in stock exchange

Depositing money in bank

Deposting money wiht housing society

It creates credit

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Central Bank

Commercial Bank

Government

Stock exchange

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

Unemployment due to mechanizatin of agriculture is.

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Seasonal

Structural

Industrial

Personal

Prograssive taxes

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Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

Drung inflation

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Lenders lose borrowers gain

Borrowers and lenders both ose

Borrows lose lenders gain

All sections of the society gain

Commercial banks accept deposits and provide

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Money

Loans

Bill of exchange

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

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0.25

4

0.4

Billion Rupees

Pakistan Importss some goods and exports other goods primarily because of.

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Free goods

Comparative advantage

Unemployment

Self Sufficiency

Pakistan started its first five year plan in

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1947

1950

1955

1960

Whis is the largest figure

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NNP

GNP

DPI

PI

It is not a facor of economic development

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Money

Land

Capital

Technology

Govt. prepares its budget

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Weekly

Montly

Quarterly

Annually

It would increase the lvel of national income.

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An increase in taxation

A reduction in governmnet spending

An increase in exports

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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

There are obstacles to rapid economic development of Pakistan

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Social

Political

Cultural

All of the above

Pakistan is an economy

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Developing

Developed

Fast growing economy

a and c above

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