More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Economics Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Velocity of circulation of money means.
Choose an answer
Total demand for money
Annual increase in currency notes
Number of timesa unit of money changes hands
total supoly of money
Previous
Skip
Next
Question # 2
National Income is.
Choose an answer
Total Income earned in producing the national product
All taxes plus govt. spending
Sum of personal income and saving
NNP minus the capital consumption allowance
Previous
Skip
Next
Question # 3
Working population in Pakistan i in the ratio of total population
Choose an answer
1/3
1/2
1/4
1/5
Previous
Skip
Next
Question # 4
The countribution of industrial section our GDP is.
Choose an answer
10%
20%
30%
40%
Previous
Skip
Next
Question # 5
Which measure has the larger value .
Choose an answer
NNP
GNP
GDP
NI
Previous
Skip
Next
Question # 6
Real national income increases when
Choose an answer
Prics of goods are rising
National savings increases
Quantity of goods and services increases
None of the above
Previous
Skip
Next
Question # 7
It is transfer payment
Choose an answer
Payment o college tuition
A social securiy payment
Payment for a leased car
Intrest paid for a bank loan
Previous
Skip
Next
Question # 8
Which is likely to be higher in a developing country like Pakistan.
Choose an answer
Birth Rate
GDP per head
Life expeciancy
Net investment per head
Previous
Skip
Next
Question # 9
It is the medium of exchange
Choose an answer
Black money
Currency
Near money
Foreign exchange
Previous
Skip
Next
Question # 10
A closed economy is best described as one in which
Choose an answer
thre are no monopolies
No corporations
No extemalities
No international trade
Previous
Skip
Next
Question # 11
Life expectency in Pakistan is
Choose an answer
57
67
77
87
Previous
Skip
Next
Question # 12
Exchange rate for currencies is determined by supply and demand in system of.
Choose an answer
Fixed exchange
flexible
Constatn
Regulated
Previous
Skip
Next
Question # 13
Out following the only recognised legal tender is
Choose an answer
Cheque
Currency notes and coins
Notes and cheques
Credit card
Previous
Skip
Next
Question # 14
Every country establishes central bank to
Choose an answer
Issue currency
To establish commercial bank
Toprepare governemnt budget
All of the of above
Previous
Skip
Next
Question # 15
State Bank was established in
Choose an answer
1948
1950
1952
1954
Previous
Skip
Next
Question # 16
A skilled worker is an example of.
Choose an answer
Scarcity
An entrepreneur
The labour input
a and c above
Previous
Skip
Next
Question # 17
Whis is the largest figure
Choose an answer
NNP
GNP
DPI
PI
Previous
Skip
Next
Question # 18
In which form the larges percentage of national incomeis earned.
Choose an answer
Interest income
Proprietor's income
Elyees wages
Rental income
Previous
Skip
Next
Question # 19
Credit money is created by
Choose an answer
Central bank
Commercial Bank
Government
All of the above
Previous
Skip
Next
Question # 20
Which is considered liablility by a bank
Choose an answer
Loans
Bank building and equipment
Time deposit
Securities
Previous
Skip
Next
Question # 21
State Bank policy of regulating intrst rate is called.
Choose an answer
Monetary policy
Commerical policy
Banking policy
Fiscal policy
Previous
Skip
Next
Back