Question # 1

Transfer payments means

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Bank loans

The payment without work

Tax payments

Payments made to all factors of production

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

This is a characteristic of good money

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High intrinsic value

Liquidity

Attractive design

Easy to duplicate

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

Which is likely to be higher in a developing country like Pakistan.

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Birth Rate

GDP per head

Life expeciancy

Net investment per head

It would increase the lvel of national income.

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An increase in taxation

A reduction in governmnet spending

An increase in exports

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Marginal propensity to consume MPC is.

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Total income spent on consumption

Ratio of additionalincome consumed

Ratio of total income consumed

Consumption divided by saving

In the world population wise Pakistan is

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4th

5th

7th

10th

The bank can give loans

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Unlimited

Equal to deposites

less than deposits

More dhan deposits

Which is the charactertistic of good money

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Has good design

Has high value

Has a fixed value in gold

Is readily accepted by people

It helps countries to meet deficit in balcne of payments.

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IMF

WTO

World Bank

UNO

It is NOT an instrument of monetary policy

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Bank rate

Open market operations

Change in resere rato

Issure notes

The following is not a bank liability.

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Demand Deposit

Time deposit

Loans

Saving Deposit

What would encorage trade betwene two countries.

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Reduced tariffs

Quality control

Differente tax system

Fixing import quotes

The highest govt body for economic planig is Pakistan is.

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Planning Council

Planning Board

Planning commission

Planning Department

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

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