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
Labour includes
Choose an answer
The inventor
The innovator
The unskilled worker
All of the above
Previous
Skip
Next
Question # 2
Personal income includes.
Choose an answer
Direct taxes
Indirect taxes
Depreciation
None of the above
Previous
Skip
Next
Question # 3
Quantity of oney has relation with alue of money
Choose an answer
Direct
Indirect
Inverse
No relation
Previous
Skip
Next
Question # 4
Population Growth rate in Pakistan is
Choose an answer
0.9%
19%
2.9 %
3.9%
Previous
Skip
Next
Question # 5
Taxes on commodities are
Choose an answer
Direct taxes
Indirect Taxes
Progressive taxes
Propotional taxes
Previous
Skip
Next
Question # 6
Who is unemployed
Choose an answer
House wife
College Student
Afreshly graduated engineer who is searching for a job
A peer who lives on gifts from murreds
Previous
Skip
Next
Question # 7
In 2018 Pkistan's total population stands approximately at
Choose an answer
11 cores
21 cores
31 cores
41 cores
Previous
Skip
Next
Question # 8
Rupee is a coin
Choose an answer
Full value
Token money
Credite money
Convertible
Previous
Skip
Next
Question # 9
When National income is estimated by expenditue method we include.
Choose an answer
All govt expenditure
All houseolds expenditure
All of the above
All expenditure of the business sector
Previous
Skip
Next
Question # 10
It is duducted from GNP to find NNP
Choose an answer
Saving
Direct taxes
Depreciatin allowance
Subsidies
Previous
Skip
Next
Question # 11
Circular flow of income links
Choose an answer
Income expenditure
Govt taxes govt expenditure
Exports ,imports
Saving and investment
Previous
Skip
Next
Question # 12
Economic Development
Choose an answer
Is the same as economic growth
Means improvement in lifestyle
Exists when there is equal distributio of income
All of the above
Previous
Skip
Next
Question # 13
Which measure has the larger value .
Choose an answer
NNP
GNP
GDP
NI
Previous
Skip
Next
Question # 14
Commercial Bank create
Choose an answer
Credit money
Token money
Legal Money
Do not create money
Previous
Skip
Next
Question # 15
To determine the correct level of GNP ,it is necessary to.
Choose an answer
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
Previous
Skip
Next
Question # 16
Whis is the largest figure
Choose an answer
NNP
GNP
DPI
PI
Previous
Skip
Next
Question # 17
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
Previous
Skip
Next
Question # 18
In Pakistan, taxes are leived by
Choose an answer
Prime Minister of Pakistan
President of Pakistan
Federal cabinet of ministers
National Assembly
Previous
Skip
Next
Question # 19
The highest govt body for economic planig is Pakistan is.
Choose an answer
Planning Council
Planning Board
Planning commission
Planning Department
Previous
Skip
Next
Question # 20
Acting as lender of last resort a cenral bank lend to.
Choose an answer
Money market
Stock exchange
Commercial Bank
Does not lend
Previous
Skip
Next
Question # 21
When a commercial bank creaes credite. Its immediate effect is tha tit raises.
Choose an answer
The exchange rate
The money supply
The interest rate
The real national income
Previous
Skip
Next
Back