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Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
It is included in kind of money
Choose an answer
Legal money
Credit money
Taken money
All of the above
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Question # 2
The equation of exchange PT =MV was given by
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Fisher
Crowther
Kuznet
Keynes
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Question # 3
The countribution of industrial section our GDP is.
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10%
20%
30%
40%
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Question # 4
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 # 5
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
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Question # 6
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%
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Question # 7
Which source a private company cannot use?
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A Bank loan
Tax
Selling new shares in stock exchange
Detail finance
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Question # 8
Open Market Operations is
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Buying and selling govt securities
Buying and selling shares of companies
Buying and selling bills of exchange
Buying and selling foreign exchange
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Question # 9
Foreign Trade
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Increses employment opportunites
Increases international mobility of labour
Increases competition
All of the above
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Question # 10
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 11
It is NOT an instrument of moneatry policy
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Discount Rate
Open market operation
Change in reserve ratio
Issue notes
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Question # 12
It helps countries to meet deficit in balcne of payments.
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IMF
WTO
World Bank
UNO
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Question # 13
In Pakistan, taxes are leived by
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Prime Minister of Pakistan
President of Pakistan
Federal cabinet of ministers
National Assembly
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Question # 14
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 15
Average growth rate of Pakistan's national income in past five years have been
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3%
13%
23%
33%
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Question # 16
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 # 17
Demand deposite mean
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Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 18
Demand depostis are.
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Money
Banks notes
Legal money
Considerd and near money
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Question # 19
Pakistan per capita income in less than.
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Japan
India
Korea
All
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Question # 20
Commercial Bank create
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Credit money
Token money
Legal Money
Do not create money
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Question # 21
When a commercial bank creaes credite. Its immediate effect is tha tit raises.
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The exchange rate
The money supply
The interest rate
The real national income
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