Question # 1

Threre are methods of measurieng natinal income

Choose an answer

5

4

2

3

This is a difficulty of barter

Choose an answer

Lack of double coincidence of wants

Diffculty to produce goods at larger scale

Lack of divisiblility of many goods

All of the above

National Bank of Pakistan is

Choose an answer

Industrial Bank

Commercial Bank

Central Bank

Investment Bank

Visible goods are recorded int his part of balance of payments account

Choose an answer

Current account

Capital account

Govt account

Official Account

Circular flow of income links

Choose an answer

Income expenditure

Govt taxes govt expenditure

Exports ,imports

Saving and investment

In erms of national income accounts, multiple counting efers to.

Choose an answer

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

Marginal propensity to consume MPC is.

Choose an answer

Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

Pakistan has a bankng system.

Choose an answer

Developed

Underdeveloped

Very unognsed

Inefficient

Net investment is

Choose an answer

Gross investment minus household investment

Gross investment minus govt. investment

Gross investment minus capital consumption allowance

None of the above

Total value of allfinal goods andservices produced annually by a country.

Choose an answer

NNP

GNP

GDP

NI

IMF has given loan to Pakistan. It wilimprove Pakistan's

Choose an answer

Current account

Capital Account

Overall balance of payments

B and c above

The quantity demanded of money rises.

Choose an answer

As the intrest rate falls

As the intrest rate rises

As the supply of money falls

As the number of banks rises

The following is not a bank liability.

Choose an answer

Demand Deposit

Time deposit

Loans

Saving Deposit

It creates difficulties in measuremtn of national income of Pakistan

Choose an answer

Low literacy rate

Parliamentary form of Govt

Huge imports

High Taxes

Average growth rate of Pakistan's national income in past five years have been

Choose an answer

3%

13%

23%

33%

Pakistan Started its planning expence with

Choose an answer

Colombo plan

Tokyo plan

Karachi Plan

London Plan

Transfer payments include.

Choose an answer

Daily wages, pensions

Pensions Zakat

Taxes, pocket money

Zakat , taxes

All are advantages of oreign trade Except.

Choose an answer

People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

If we deduct direct tax from personal income we get.

Choose an answer

Net National income

Disposable income

Personal saving

Per capital income

Unemployment due to mechanizatin of agriculture is.

Choose an answer

Seasonal

Structural

Industrial

Personal

Monetary pollicy has the objective

Choose an answer

Decrease unemployment rate

Decrease tax rate

Decreases inflation rate

a and c of the above

More Classes

Other Links

Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer