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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
Which is considered liablility by a bank
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Loans
Bank building and equipment
Time deposit
Securities
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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
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 # 5
In Pakistan money a account is
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Paisa
Rupee
Gold
Dollar
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Question # 6
The quantity demanded of money rises.
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As the intrest rate falls
As the intrest rate rises
As the supply of money falls
As the number of banks rises
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Question # 7
Our exportw mainly counsist of.
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Cotton Product
Machinery
Sports goods
a and c above
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Question # 8
Labour includes
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The inventor
The innovator
The unskilled worker
All of the above
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Question # 9
The have a functional relation
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Consumption and national income
Consumption and saving
Consumption and investment
All of the above
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Question # 10
In erms of national income accounts, multiple counting efers to.
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The addition to GNP of multiple units of a good
Counting cureently producedgoods more than once
The inclusion in GNP of gross spending and taxes
Counting both goods and services
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Question # 11
Total value fo all final goods and services produced annually by a country.
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NNP
GNP
GDP
NI
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Question # 12
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 13
Cross cheque has a cross sign in the
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Right side upper comer
Right side lowr comer
It does not have cross sign
Left side upper corner
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Question # 14
If no money is used to exchange goods it is called.
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Barter
Currency
Black Market
Free Trade
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Question # 15
Balance of payment of a country has major parts.
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2
3
4
5
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Question # 16
Pakistan exports as percentage GDP are.
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4%
8%
12%
16%
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Question # 17
In which form the larges percentage of national incomeis earned.
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Interest income
Proprietor's income
Elyees wages
Rental income
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Question # 18
The receipt of payments for goods exported and imported are counted in .
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Capital Account
Trade Account
Current account
Monetary account
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Question # 19
This is a characeristics of good money
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High intricnsic value
General acceptability
Atractive design
Easy of duplicate
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Question # 20
Barter means.
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Trade through metallic money only
Trade of goods ony excluding services
Trade without use of money
Trade of low value goods only
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Question # 21
Govt. transfer payment include
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Social security benefits
Welfare benefits
Student scholarships
All of the above
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