Question # 1

Which is money

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Cheque

Credite card

Currency

Prize Bond

To determine the correct level of GNP ,it is necessary to.

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

It is the medium of exchange

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Black money

Currency

Near money

Foreign exchange

It increses rae of capita formation

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Less saving

New Technology

Rapid Population growth

High Intrest

This will cause decrease in natioal income.

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Rise in exports

Rise in saving

Increas in taxese

B and C above

The following is not a bank liability.

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Demand Deposit

Time deposit

Loans

Saving Deposit

Who is unemployed

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House wife

College Student

Afreshly graduated engineer who is searching for a job

A peer who lives on gifts from murreds

In equilibrium of nationalincome.

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S > I

S = I

S < I

All are true

Which one is investment in economics

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Building a factory

Buyig shares in stock exchange

Depositing money in bank

Deposting money wiht housing society

Monetary pollicy has the objective

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Decrease unemployment rate

Decrease tax rate

Decreases inflation rate

a and c of the above

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

Total number of branches of Pakistani banks is approximately

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5000

10000

15000

20000

Flxible exchange rate sytem has the advantage.

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Automatic adjustment of balcne of payments

Easy to borrow form world bank

Encouragds exports

None of the above

The money called legal tender includes.

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Currency notes and credit cards

Currency notes and bank deposits

Currency notes and coins

Currency notes and cheques

Which of the following is an example of primary production

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Production of computer

Farmer grwoing wheat

Opening of new school

House wife bakes a cakes

Which statment is true

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National Income = Naional expenditure - indirettaxes

N1 =GNP -NNP

N1 =P1

NI =NNP-Indirect taxes

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

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Barter

Currency

Black Market

Free Trade

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

It can change money supply

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National Assembly

Supreme court

Government

State Bank

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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