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Answer: Option A
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
C. Quarterly D. Annually
Answer & Explanation
Answer: Option A
Explanation:
Explanation:
8. When banks prepare their balance sheets, they show the money lent in:
A. Liabilities B. Assets
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option B
11. An asset is liquid when it is:
A. Being traded frequently B. Earning a good rate of return
Answer: Option C
Explanation:
12. A bank has Rs. 5 million in cash. The minimum reserve ratio is 20%. What is
maximum potential increase in total deposits:
A. 0 B. 5m
C. 10 m D. 25 m
Answer & Explanation
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
18. When a commercial bank creates credit, its immediate effect is that it raises:
A. The exchange rate B. The interest rate
Answer: Option C
Explanation:
More than 15,000 but less than More than 20,000 but less than
C. D.
20,000 25,000
Answer & Explanation
Answer: Option A
Explanation:
Answer: Option C
21. Which is considered liability by a bank:
A. Loans B. Bank's building and equipment
Answer: Option C
Explanation:
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option B
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
30. If a person is more interested to earn income, he should deposit his money in:
A. Demand deposit B. Time deposit
C. Saving account D. Profit-loss account
Answer & Explanation
Answer: Option B
31. If a person is interested that his amount should be readily available as soon as he needs
he should deposit his money in:
A. Demand deposit B. Time deposit
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
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Answer: Option A
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
37. If you borrow from a bank the amount which the bank charges is called:
A. Bank rate B. Discount rate
Answer: Option C
Explanation:
Answer: Option B
Explanation:
39. Changes in discount rate are brought about by State Bank to:
A. Control inflation B. Increase investment activity
Answer: Option D
Explanation:
Answer: Option B
41. Long term loans can be obtained in:
A. Stock market B. Money market
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option C
Explanation:
C. 1978 D. 1980
Answer & Explanation
Answer: Option A
Explanation:
Explanation:
C. 15000 D. 21500
Answer & Explanation
Answer: Option B
Explanation:
C. 1969 D. 1970
Answer & Explanation
Answer: Option A
Explanation:
49. The bank established for loans to very small enterprises is called:
A. Micro Finance Bank B. Modarba Bank
Answer: Option A
Explanation:
Answer: Option A
51. Commercial banks in Pakistan are supervised by:
A. State Bank B. National Bank
Answer: Option A
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
C. 23% D. 33%
Answer & Explanation
Answer: Option B
Explanation:
C. 1952 D. 1954
Answer & Explanation
Answer: Option A
Explanation:
Explanation:
Answer: Option C
Explanation:
58. Which statement is true of the relationship between bond prices and bond yields?
A. They vary inversely B. They tool vary directly
Answer: Option A
Explanation:
Answer: Option B
Explanation:
60. When the State Bank wants to decrease money supply in the country, it:
Buys govt. securities in stock
A. B. Sells govt. securities
market
Answer: Option D
61. Monetary policy consists of:
A. Decreasing taxes B. Changing total money supply
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option D
71. In order to reduce consumer borrowing this is raised:
A. Commercial bank deposits B. Government spending
Answer: Option C
Explanation:
Answer: Option A
Explanation:
73. Out of the following the only recognised legal tender is:
A. Cheque B. Bank notes
C. Draft D. Credit card
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option B
1. Rupee is a coin:
A. Full value B. Token money
Answer: Option B
Explanation:
Answer: Option A
Explanation:
C. Beautiful D. Heavy
Answer & Explanation
Answer: Option B
Explanation:
C. Gold D. Dollar
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option A
Explanation:
Answer: Option A
Explanation:
7. Which is money:
A. Check B. Credit card
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option C
Explanation:
Answer: Option D
11. It is the medium of exchange:
A. Black money B. Near money
Answer: Option C
Explanation:
Explanation:
Answer: Option C
Explanation:
C. Inverse D. No relation
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option B
21. Which property the paper money does not possess:
A. Acceptability B. Divisibility
C. Duability D. Portability
Answer & Explanation
Answer: Option C
Explanation:
Explanation:
23. A student records her income and spending for past month, she uses the funtion of
money
A. Medium of exchange B. Standard of deferred payments
Answer: Option D
Explanation:
Answer: Option A
Explanation:
C. Durability D. Portability
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option D
Explanation:
Answer: Option C
Explanation:
Answer: Option C
Explanation:
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Answer: Option B
Explanation:
Answer: Option D
31. Speculative demand for money depends upon:
A. Income B. Investment
Answer: Option C
Explanation:
Explanation:
Answer: Option B
Explanation:
Answer: Option A
Explanation:
C. Four D. Five
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option A
Explanation:
C. Left side upper corner D. It does not have cross sign (X)
Answer & Explanation
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option C
41. Barter means:
Trade through metallic money Trade of goods only excluding
A. B.
only services
Answer: Option D
Explanation:
Answer: Option C
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option B
51. It is a kind of money:
A. Credit money B. Discredit money
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
C. Constant D. Fluctuating
Answer & Explanation
Answer: Option B
Explanation:
55. Velocity of circulation of money means the number of times a unit of money
A. Changes hands daily B. Changes hands monthly
C. Changes hands annually D. Changes purchasing power
Answer & Explanation
Answer: Option C
Explanation:
C. Kuznet D. Keynes
Answer & Explanation
Answer: Option A
Explanation:
Answer: Option C
Explanation:
C. Lenders D. Debtors
Answer & Explanation
Answer: Option D
Explanation:
59. When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion,
velocity of circulation money is:
A. 0.25 B. 4
Answer: Option B
Explanation:
C. PM = TV D. None of these
Answer & Explanation
Answer: Option A
1. Balance of payments of a country includes:
A. Current account B. Moentary account
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
C. 4 D. 5
Answer & Explanation
Answer: Option B
Explanation:
5. Exchange rate for currencies is determined by supply and demand in system of:
A. Fixed exchange rate B. Flexible
C. Constant D. Govt. regulated
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option C
Explanation:
7. A country that does not trade with other countries is called an economy:
A. Open B. Closed
Answer: Option B
Explanation:
8. If Japanese import more goods from Pakistan (other things remain same)
Our balance of payments will
A. B. Japan's BOP will deteriorate
improve
Explanation:
Answer: Option D
Explanation:
Answer: Option B
11. It helps countries to meet deficit in balance of payments:
A. IMF B. WTO
Answer: Option A
Explanation:
Answer: Option D
Explanation:
C. 25% D. 35%
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
16. What will be expected result if the value of rupee falls against dollar?
The price of Pakistani goods in The price of American goods in
A. B.
USA will rise USA will fall
Answer: Option D
Explanation:
17. If Toyota Company, establishes a factory in Pakistan, this will be recroded in balance
of payments in the section:
A. Capital account B. Visible balance
Answer: Option A
Explanation:
18. If CDA (Capital Development Authority, Islamabad) gets a loan from World Bank for
roads, it will be recorded in the balance of payments in section:
A. Capital account B. Visible balance
Answer: Option A
Explanation:
Answer: Option D
Explanation:
20. Which of the following compares the average price of exports to average price of
imports?
A. The balance of payments B. The balance of trade
Answer: Option D
21. IMF represents
A. International Monetary Fund B. International Money Flow
Answer: Option A
Explanation:
Answer: Option A
Explanation:
Discourages unnecessary
C. speculation about future trade D. (b) and (c) of above
deals
Answer & Explanation
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
26. Visible goods are recorded in this part of balance of payments account:
A. Current account B. Capital account
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option D
31. Foreign exchange reserves increase if:
Exports increase imports remain
A. Govt. increases taxes B.
the same
Imports increase exports remain
C. D. (a) and (b) of above
the same
Answer & Explanation
Answer: Option B
Explanation:
32. The receipts and payments for goods exported and imported are counted in:
A. Trade account B. Capital account
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
C. Government D. Businessmen
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option B
Explanation:
Explanation:
Answer: Option C
Explanation:
Answer: Option C
Explanation:
40. Which is the basic economic problem, which is common in all economic systems:
A. Allocation of scarce resources B. Elimination of inflation
Answer: Option A
41. In a country like Pakistan:
All economic decisions are made
A. B. There is no planning
through markets
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Explanation:
Explanation:
Explanation:
Explanation:
C. 29% D. 39%
Answer & Explanation
Answer: Option B
Explanation:
C. 34% D. 44%
Answer & Explanation
Answer: Option D
Explanation:
C. 8.5 D. 11.5
Answer & Explanation
Answer: Option A
Explanation:
Answer: Option D
Explanation:
C. 66 D. 76
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Answer: Option B
Explanation:
9. Environment includes:
A. Ecosystems B. Wildlife
Answer: Option D
Explanation:
Answer: Option D
Explanation:
C. 6% D. 8%
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option A
Explanation:
14. Many people do not send their children to schools because of:
A. Their own illiteracy B. Harsh techers
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Answer: Option B
1. Pakistan's saving rate is:
A. 5% B. 15%
C. 25% D. 35%
Answer & Explanation
Answer: Option B
Explanation:
C. 92,000 D. 9,000
Answer & Explanation
Answer: Option A
Explanation:
C. Transport D. Services
Answer & Explanation
Answer: Option A
Explanation:
C. 6th D. 8th
Answer & Explanation
Answer: Option C
Explanation:
C. 3% D. 4%
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option A
Explanation:
7. According to Pakistan Economic Survey, per capita income of Pakistan in U.S. dollars
is:
A. 400 B. 800
C. 1600 D. 2000
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Answer: Option B
Explanation:
C. 1999-2000 D. 2009-2010
Answer & Explanation
Answer: Option C
Explanation:
C. 16% D. 6%
Answer & Explanation
Answer: Option D
Answer: Option B
Explanation:
Answer: Option C
Explanation:
13. If a country's growth rate was 5%, it means there would be 5% increase in:
A. Industrial output B. Retail price index
Answer: Option D
Explanation:
Answer: Option D
Explanation:
C. 40% D. 50%
Answer & Explanation
Answer: Option B
Explanation:
C. 57% D. 67%
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Answer: Option B
21. This step will increase investment in Pakistan:
A. Increase in taxes B. Increase population
Answer: Option D
Explanation:
Answer: Option C
Explanation:
23. Pakistan's:
A. GDP is greater than GNP B. GDP is smaller than GNP
Explanation:
Underground economy,
C. Illiteracy, underground economy D.
deficiency of natural resources
Answer & Explanation
Answer: Option C
Explanation:
C. Agriculture D. Banking
Answer & Explanation
Answer: Option C
Explanation:
C. 68% D. 78%
Answer & Explanation
Answer: Option A
1. The necessary condition for equilibrium position of a firm is:
A. MC > MR B. MC > Price
C. MC = MR D. MC is falling
E. MC = AC
Answer & Explanation
Answer: Option E
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Answer: Option A
Explanation:
C. Total revenue minus total cost D. Total revenue minus implicit cost
Answer & Explanation
Answer: Option A
Explanation:
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
10. A firm's MR exceeds its MC, maximum profit rule requires that firm to:
Increase in perfect competition
Increase in output in both perfect
A. B. but not necessarily in imperfect
and imperfect competition
competition
Answer: Option A
1. Which of the following is an economic activity?
Medical facilities rendered by a Teaching one's own child at
A. B.
charitable dispensary home
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Diversity in production of
C. D. Static technology
commodities
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Explanation:
Capital-intensive process of
C. D. Increasing state intervention
production
Answer & Explanation
Answer: Option B
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Answer: Option D
11. Which of the following is not a corporate enterprise?
A. Food Corporation of India B. Municipal Corporation of Delhi
Answer: Option B
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
14. In which of the following sectors does production for self-consumption generally take
place?
Government administrative
A. B. Private corporate sector
enterprises
Non-departmental public
C. D. House-holds
enterprises
Answer & Explanation
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option B
Explanation:
Explanation:
19. Expenditure on the purchase of new replacement parts of machinery installed by a firm
is part of:
A. Fixed capital formation B. Consumption of capital
Answer: Option C
Explanation:
Answer: Option A
21. Demand for final consumption arises in:
A. Household sector only B. Government sector only
Answer: Option C
Explanation:
Answer: Option C
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Domestic consumption
C. D. Exports from India to the USA
expenditure
Answer & Explanation
Answer: Option D
Explanation:
27. Direct purchases abroad made by the government on current account are a part of:
A. Final consumption B. Investments
Answer: Option A
Explanation:
Answer: Option A
Explanation:
Answer: Option D
Explanation:
Answer: Option A
31. Value of output differs from the value added by the amount of:
A. Indirect taxes B. Wages and Salaries
Answer: Option C
Explanation:
32. The gross fixed investment in an economy during a year is Rs. 200 Crore. The economy
possessed Rs 1200 Crore worth of fixed capital at the beginning of the year and the rate
of depreciation is 10% per annum. What is the net value of fixed capital stock held at
the end of the year?
A. Rs 1600 crore B. Rs 920 crore
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
36. Addition to the stocks of food grains by the Food Corporation of India is a part of:
Net revenue of the Government
A. Net fixed investment B.
sector
Answer: Option C
Explanation:
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
Answer: Option A
41. Which of the following is not a part of the compensation of employees?
Employer's contribution to
A. B. Leave travel allowance
provident fund
Answer: Option C
Explanation:
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
46. If during a year the national income at constant prices goes up by 5%, while prices also
rise by 5% and population registers a growth of 2%; then the real per capita income
will:
A. Remain constant B. Rise by 2%
C. Decrease by 3% D. Increase by 3%
Answer & Explanation
Answer: Option D
Explanation:
47. National income estimates of India are published both at current and constant prices.
What is the base year for constant price estimates published at present?
A. 1960-61 B. 1970-71
C. 1980-81 D. 1985-86
Answer & Explanation
Answer: Option C
Explanation:
48. The national income accojnts, direct personal taxes are recorded as:
Receipts of the government Receipts of the government
A. sector and payments of the B. sector and payments of the
corporate sector household sector
Answer: Option B
Explanation:
Answer: Option D
Explanation:
50. Identify the sector in respect of which the expenditure method is used for estimating
national income in India:
A. Registered manufacturing B. Construction
Answer: Option B
51. If GNP at market prices is Rs 1200 crore, and fixed capital stock is worth Rs 2000 crore
which depreciates at the rate of 10% per annum and the net indirect taxes amount is Rs
150 crore. What is the national income?
A. Rs 3050 crore B. Rs 2850 crore
Answer: Option D
Explanation:
52. National income differs from the net national product at market prices by the amount
of:
A. Current transfers from rest of the B. Net indirect taxes
world
Answer: Option D
Explanation:
Answer: Option D
Explanation:
54. For the estimation of private income which of the following items has to be added to
national income?
Income from property accruing to Savings of the non-departmental
A. B.
government enterprises
Answer: Option D
Explanation:
55. While estimating personal income from national income, which of the following items
need to be deducted?
A. Net indirect taxes B. Direct Taxes paid by households
Answer: Option B
Explanation:
56. Which of the following has to be added to national income to obtain the net national
disposable income?
Income from property and
Net current transfers from the rest
A. entrepreneurship accruing to B.
of the world
Government
Answer: Option D
Explanation:
Answer: Option A
Explanation:
58. Which of the following is deducted while estimating national income by the value-
added method?
Value of goods and services Imputed rental value of owner-
A. B.
produced for self-consumption occupied building
Answer: Option D
Explanation:
59. While estimating national income by the income method one of the following is not
included. Identify it:
Mixed income of the self
A. B. Inheritance tax or death duty
employed
Answer: Option B
Explanation:
60. Which of the following is not included while estimating national income by the
expenditure methods?
Investment in shares of a new
A. B. Defence expenditure
company
Answer: Option C
61. The difference between net national product at market prices and net domestic product
at market prices is equal to:
A. Value of exports B. Net current transfers from abroad
Answer: Option D
Explanation:
62. Which of the following accounts for the difference between net domestic product at
market prices and national income?
A. Net factor income from abroad B. National debt interest
Net factor income from abroad Net factor income from abroad
C. D.
minus current transfers minus indirect taxes
Answer & Explanation
Answer: Option D
Explanation:
63. Which of the following has to be deducted from the value of output to arrive at the net
value added by a producing enterprise?
Value of intermediate
A. B. Consumption of fixed capital
consumption
Answer: Option D
Explanation:
Answer: Option D
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Answer: Option B
Explanation:
Answer: Option C
Explanation:
72. Which of the following is not an example of capital transfers between countries?
A. War damages B. Gifts for cyclone victims
Answer: Option B
Explanation:
Answer: Option A
Explanation:
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Answer: Option B
Explanation:
Answer: Option B
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option B
Explanation:
Answer: Option D
Explanation:
80. The first estimate of national income in India was made by Dadabhai Naoroji for the
year:
A. 1857-58 B. 1867-68
C. 1881-82 D. 1890-91
Answer & Explanation
Answer: Option B
1. Which of the following is one of the assumptions of perfect competition.
A. Few buyers and few sellers B. Many buyers and few sellers
C. Many buyers and many sellers D. All sellers and buyers are honest
Answer & Explanation
Answer: Option C
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
Answer: Option D
Explanation:
6. In case of monopoly:
Marginal revenue curve always Total revenue curve always
A. B.
slopes upward slopes upward
Answer: Option D
Explanation:
Answer: Option C
Explanation:
Answer: Option A
Explanation:
Answer: Option C
Explanation:
10. The major difference between perfect competition and monopolistic competition is:
A. Number of firms B. Differentiated product
Answer: Option B
11. Marginal revenue is always less than price at all levels of output in:
A. Perfect competition B. Monopoly
Answer: Option B
Explanation:
Answer: Option D
Explanation:
C. Zero D. Decreasing
Answer & Explanation
Answer: Option A
Explanation:
14. Marginal revenue is always less than price at all levels of output in:
A. Perfect competition B. Monopoly
Answer: Option B
Explanation:
Answer: Option D