Economics Test 3
Total Questions: 25
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A ) WTO ✅
B ) IMF
C ) World Bank
D ) A and B of above
A ) Rice, cotton yarn,carpets
B ) Rice,carpets, cotton yarn
C ) Cotton yarn,rice, carpets ✅
D ) Cotton yarn,carpets,rice
A ) Oil, chemicals,machinery
B ) Oil, machinery, chemicals ✅
C ) Machinery,oil, chemicals
D ) Machinery,chemicals,oil
A ) Less than one
B ) Greater than one ✅
C ) Equal to one
D ) Zero
A ) Reduce the deficit in the balance of trade ✅
B ) Reduce the repayment of loans
C ) Reduce the surplus on the capital account
D ) Reduce the volume of exports
A ) Keynes
B ) Marshall
C ) Adam Smith ✅
D ) Al Ghazali
A ) Direct taxes
B ) Indirect taxes ✅
C ) Progressive taxes
D ) Proportional taxes
A ) Excise tax
B ) Sales tax
C ) Income tax ✅
D ) Custom duty
A ) Excise tax on cigarettes
B ) Highway tool tax
C ) Proportional sales tax
D ) Personal income tax ✅
A ) National Assembly
B ) President of Pakistan
C ) Ministry of Finance ✅
D ) State Bank of Pakistan
A ) Increased employment
B ) Increased unemployment allowance
C ) More progressive taxes
D ) More regressive taxes ✅
A ) Larger than GNP
B ) Approximately equal to GNP
C ) Small than GNP ✅
D ) Smaller than our exports
A ) 1st September
B ) 1st January
C ) 1st April
D ) 1st July ✅
A ) Gold currency
B ) Hard currency
C ) Silver currency
D ) Soft currency ✅
A ) Capital
B ) Deposit
C ) Hoarding ✅
D ) Profit
A ) Feudal System
B ) Capitalist System
C ) Fascist System
D ) Communist System ✅
A ) Inflation
B ) Deflation
C ) Social change ✅
D ) Price stability
A ) General Arrangement of Transport on Trade
B ) Government of America's Treaty on Trade
C ) General Arrangement on Tariffs and Trade ✅
D ) Global Arrangement of Transport and Trade
A ) Promissory note
B ) Currency note ✅
C ) Exchange rate
D ) Bank cheque
A ) Business inventory accumulates ✅
B ) Unemployment exists
C ) Price of consumer goods rise
D ) People save money than they intended to save
A ) Consumer good
B ) Consumer durable
C ) Social good
D ) Capital single use good ✅
A ) Price=average cost
B ) Marginal cost=marginal revenue ✅
C ) Average cost=marginal cost
D ) Marginal revenue=average cost
A ) Savings
B ) Loanable funds
C ) Money ✅
D ) Capital goods
A ) Increase the sale of tea
B ) Decrease the sale of coffee
C ) Increas the sale of coffee ✅
D ) Decrease the price of tea
A ) Whose external value is increasing
B ) Which can be acquired only with official permission
C ) Which can be obtained only against sale of gold.m
D ) Which is really accepted in international transactions ✅