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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The following is not a bank liability.
Choose an answer
Demand deposit
Time deposit
Loan
Saving Deposit
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Question # 2
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 3
Demand depostis are.
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Money
Banks notes
Legal money
Considerd and near money
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Question # 4
Whcih organisation controls the banking system to most countries.
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Central Bank
Commercial bank
Investment bankWorld bank
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Question # 5
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 # 6
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 # 7
Economic planning in Pakistan started
Choose an answer
During 1950s
During 1960s
During 1970s
During 1980s
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Question # 8
Which is the sourceof interest for a bank
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Advances
Bills discounted
Investments
All
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Question # 9
The largest type of income in the Pakistan is
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Compensation of employees
Rental income
Proprietors income
Coporate profits
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Question # 10
Pakistan's domestic saving rate is
Choose an answer
2%
7%
17%
27%
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Question # 11
It can change money supply
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National Assembly
Supreme court
Government
State Bank
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Question # 12
Mobility of labour
Choose an answer
Increases efficiency of labour
Spolic labour
Incrresases division of labour
a and c above
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Question # 13
Foreign Trade are
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Benefits developed countries
Benefits underdeveloped countires
Benefits all countries
Benefits democretive countries
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Question # 14
This will cause decrease in natioal income.
Choose an answer
Rise in exports
Rise in saving
Increas in taxese
B and C above
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Question # 15
Which shows equilibrium of national income
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Consumption = investment
Saving = investment
Saving > investment
Saving < investment
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Question # 16
Final balance of the payment of a country is
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Always balance
Always dificit
Always surplus
Flucluates
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Question # 17
Public spending on health is
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Less than 1%
More than 1 but less than 2%
More than 2 but less than 3%
More than 3
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Question # 18
The step will increse saving in Pakistan
Choose an answer
Increase in taxes
Decrease in taxes
increasein population
Increase imports
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Question # 19
A skilled worker is an example of.
Choose an answer
Scarcity
An entrepreneur
The labour input
a and c above
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Question # 20
Cash cannot be directly obtaines from a bank against
Choose an answer
Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 21
Contribution of agriculture in Pakistan's national income is
Choose an answer
19%
29%
39%
49%
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