Economics MCQs

1) Pakistan started its first five-year plan in
(A) 1947
(B) 1950
(C) 1955
(D) 1960

2) Government of Pakistan issues currency on the basis of
(A) Availability of gold in the country
(B) Availability of dollars in the country
(C) Demand for money in the country
(D) Tax collection

3) When the State Bank wants to decrease money supply in the country, it
(A) Buys govt securities in stock market
(B) Sells govt securities
(C) Lowers discount rate
(D) B and C

4) Pakistan follows the policy of
(A) Fixed exchange rate
(B) Flexible exchange rate
(C) Controlled exchange rate
(D) Increasing exchange rate

5) What will be expected result if value of rupee falls against dollar
(A) The price of American goods in Pakistan will rise
(B) The price of Pakistani goods in USA will rise
(C) The price of Pakistani goods in Pakistan will fall
(D) The price of American goods in USA will fall

6) If TOYOTA company establishes a factory in Pakistan, this will be recorded in balance of payments in the section
(A) Capital account
(B) Visible balance
(C) Invisible balance
(D) Official financing

7) If CDA (Capital Development Authority Islamabad) gets a loan from World Bank for roads it will be recorded in the balance of payments in the section
(A) Capital Account
(B) Visible balance
(C) Invisible balance
(D) Official financing

8) In Pakistan government budget is prepared by
(A) National Assembly
(B) President of Pakistan
(C) State Bank of Pakistan
(D) Ministry of Finance

9) In Pakistan Income tax is
(A) Progressive tax
(B) Proportional tax
(C) Direct tax
(D) A and C

10) Pakistan's fiscal year starts from
(A) 1st July
(B) 1st January
(C) 1st June
(D) 1st September





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