Question # 1

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

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

Which one is per capita income is

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Per worker income

Per person Income

Per family income

Per Industtrial unit income

When economic development takes place.

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Market imperfections increase

Population increses

Capital stock increases

All of the above

The following is not a bank liability.

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Demand Deposit

Time deposit

Loans

Saving Deposit

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

Transfer payments are not included in national income becaues.

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Such payments are made to persons livnig abroad

Double counting would result

They are illegal

There is no method to account for these

Our exportw mainly counsist of.

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Cotton Product

Machinery

Sports goods

a and c above

Which of the followign tax is best example of ability to pay principle of taxes

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excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

Bank Prepare their balace sheet.

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Weekly

Monthly

Quarterly

Annualy

Net investment is

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Gross investment minus household investment

Gross investment minus govt. investment

Gross investment minus capital consumption allowance

None of the above

Medium term plan covers

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Less than 2 years

3 to 5 years

5 to 10 years

10 to 15 years

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Govt. prepares its budget

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Weekly

Montly

Quarterly

Annually

10- Rupees note is issued by

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National Bank

State Bank

Govt of Pakistan

Governour State bank

Which is a monetary measure to increase employment.

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Increase in govt expenditure

Reduce govt expenditure

Increase in interest rate

Reducing intrest rate

In GNP of pakistan rises. It will encourage

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Exports

Imports

Both

None

Pakistan exports as percentage GDP are.

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4%

8%

12%

16%

Banks discount it and adance loans.

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Draft

Bill of Exchange

pay order

Gold

State Bank was established in

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1948

1950

1952

1954

Demand deposit are

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Money

Bank note

Legal Money

Considered to near money

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