Question # 1

In circular flow model

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Govt. owns productive resources

Firms own productive resources

Households own productive resorces

Rent of land is not included

Which is a flow concept.

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Number of my shirts

My montly income

My total wealth

Money Supply

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

Central Bank rate lending to commercial banks is called.

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Discount rate

Money rate

Control Rate

Interest rate

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

Pakistan has a bankng system.

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Developed

Underdeveloped

Very unognsed

Inefficient

The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.

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6%

9%

12%

15%

Ten Rupee note is

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Token money

Creadit money

Legal Money

a and c of above

If no money is used to exchange goods it is called.

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Barter

Currency

Black Market

Free Trade

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

Consumption spending does NOT include.

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Household's purchases of clothes

Household's purchase of a car

Household's paymnet of rent for an apartment

Household's purchase of shares of a business corporation

In GNP of pakistan rises. It will encourage

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Exports

Imports

Both

None

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

Central banks rate of lending to commercial banks is called.

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Money rate

Control rate

Intrested rate

Discount rate

It is included in kind of money

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Legal money

Credit money

Taken money

All of the above

Pakistan's domestic saving rate is

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2%

7%

17%

27%

Out of the following the only reconised legal lender is.

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Bank notes

Cheque

Draft

Credite card

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

Transfer payments include.

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Daily wages, pensions

Pensions Zakat

Taxes, pocket money

Zakat , taxes

In equilibrium of nationalincome.

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S > I

S = I

S < I

All are true

Which statment is true

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National Income = Naional expenditure - indirettaxes

N1 =GNP -NNP

N1 =P1

NI =NNP-Indirect taxes

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