1 - One of the following is NOT a feature of private finance:
1 - One of the following is NOT a feature of private finance:
Secrecy
2 - It is direct tax:
2 - It is direct tax:
Income tax
3 - These are heads of expenditure of the government EXCEPT?
3 - These are heads of expenditure of the government EXCEPT?
Provide cosmetics
4 - The most important source of income of a government is:
4 - The most important source of income of a government is:
Taxes
5 - Progressive taxes:
5 - Progressive taxes:
Both (a) & (b)
6 - These are principles of taxation:
6 - These are principles of taxation:
Both (a) & (b)
7 - In Pakistan, taxes are levied by:
7 - In Pakistan, taxes are levied by:
National assembly
8 - Which of the following tax is best example of ability to pay principle of taxes:
8 - Which of the following tax is best example of ability to pay principle of taxes:
Personal income tax
9 - Govt. taxing and spending policies are called:
9 - Govt. taxing and spending policies are called:
Fiscal policy
10 - Govt. budget is balanced when:
10 - Govt. budget is balanced when:
Government expenditure equals tax revenue
11 - Government finance is called:
11 - Government finance is called:
Public finance
12 - How the government can meet its expenditure:
12 - How the government can meet its expenditure:
By all the three methods
13 - The government can collect funds from:
13 - The government can collect funds from:
All the three
14 - A direct tax is that which:
14 - A direct tax is that which:
Is paid by the person on whom it is levied
15 - In Pakistan government budget is prepared by:
15 - In Pakistan government budget is prepared by:
Ministry of Finance
16 - In Pakistan Income tax is:
16 - In Pakistan Income tax is:
(a) and (b) of above
17 - Which tax better conforms to the principle of equality in taxation
17 - Which tax better conforms to the principle of equality in taxation
Progressive tax
18 - Which one is not a principle of taxation:
18 - Which one is not a principle of taxation:
Principle of morality
19 - A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000, how much tax he will pay if his earning rises to 8000:
19 - A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000, how much tax he will pay if his earning rises to 8000:
800
20 - Which source a private company cannot use?
20 - Which source a private company cannot use?
Deficit finance (new money)
21 - Net taxes are:
21 - Net taxes are:
Total taxes minus govt. transfer payments
22 - Which is not counted as public expenditure?
22 - Which is not counted as public expenditure?
Investment spending by public companies
23 - If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this, which one of the following indictes that the income tax rate is progressive?
23 - If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this, which one of the following indictes that the income tax rate is progressive?
Rs. 350 tax on Rs. 3000 income
24 - The most important source of income of a government is:
24 - The most important source of income of a government is:
Taxes
25 - Progressive taxes:
25 - Progressive taxes:
(a) & (b) of above
26 - This is NOT a principle of taxation:
26 - This is NOT a principle of taxation:
Principle of secrecy
27 - This is principle of taxation
27 - This is principle of taxation
Principle of economy
28 - In Pakistan, the authority to levy taxes lies with:
28 - In Pakistan, the authority to levy taxes lies with:
National assembly
29 - This tax is a good example of ability to pay principle of taxes:
29 - This tax is a good example of ability to pay principle of taxes:
Personal income tax
30 - Govt. taxing and spending policies are called:
30 - Govt. taxing and spending policies are called:
Fiscal policy
31 - Govt. budget is balanced when:
31 - Govt. budget is balanced when:
Government expenditure equals tax revenue
32 - Government finance is called:
32 - Government finance is called:
Public finance
33 - The government can meet its expenditure:
33 - The government can meet its expenditure:
By all the three methods
34 - It is direct tax:
34 - It is direct tax:
Import tax
35 - Mansoor Software Co imported computers and paid import tax. Burden of tax will be on:
35 - Mansoor Software Co imported computers and paid import tax. Burden of tax will be on:
Last buyer
36 - If a person who is tax-payer can shift the burden of tax to someone else, the tax is called:
36 - If a person who is tax-payer can shift the burden of tax to someone else, the tax is called:
Indirect tax
37 - The federal budget of Pakistan includes:
37 - The federal budget of Pakistan includes:
(a) & (b) of above
38 - To bring equitable distribution of income in the country taxes should be
38 - To bring equitable distribution of income in the country taxes should be
Progressive
39 - These are principles of taxation:
39 - These are principles of taxation:
Equality and certainty
40 - It is better way to finance the govt. budget:
40 - It is better way to finance the govt. budget:
By taxing people
41 - Income tax in Pakistan is:
41 - Income tax in Pakistan is:
Direct and progressive
42 - In Pakistan, income tax is collected by:
42 - In Pakistan, income tax is collected by:
Federal govt.
43 - Sales tax in Pakistan is:
43 - Sales tax in Pakistan is:
Indirect and proportional
44 - It is easy and convenient to pay:
44 - It is easy and convenient to pay:
Indirect tax
45 - It is difficult to evade:
45 - It is difficult to evade:
Direct tax
46 - Zakat is not due on the gold owned by a person who has less than:
46 - Zakat is not due on the gold owned by a person who has less than:
5 tolas
47 - Zakat can be spent for this purpose:
47 - Zakat can be spent for this purpose:
Payment of fee of a poor child
48 - It is a source of revenue for the Local overnment bodies:
48 - It is a source of revenue for the Local overnment bodies:
Property tax
49 - Federal government transfers to provinces as their share in tax collection:
49 - Federal government transfers to provinces as their share in tax collection:
More than 40% but less than 60%
50 - Which tax is not shared between central and provincial governments?
50 - Which tax is not shared between central and provincial governments?
Property tax
51 - Which is provincial tax in Pakistan:
51 - Which is provincial tax in Pakistan:
Motors token tax
52 - Tax is a payment:
52 - Tax is a payment:
Compulsory
53 - The main source of revenue of federal government is:
53 - The main source of revenue of federal government is:
Sales tax
54 - In Pakistan government budget is prepared by:
54 - In Pakistan government budget is prepared by:
Ministry of Finance
55 - In Pakistan Income tax is:
55 - In Pakistan Income tax is:
(a) and (c) of above
56 - The budget estimate prepared by ministry of finance is finally approved by:
56 - The budget estimate prepared by ministry of finance is finally approved by:
National Assembly
57 - Federal govt. budget estimate for 2010-11 is:
57 - Federal govt. budget estimate for 2010-11 is:
2800 billion
58 - Government of Pakistan can increase its resources by:
58 - Government of Pakistan can increase its resources by:
All the three
59 - The non-Muslims pay Zakat:
59 - The non-Muslims pay Zakat:
Do not pay Zakat
60 - To control inflation the government should increase:
60 - To control inflation the government should increase:
Income tax
61 - In past decades Pakistan increased its GDP, yet living standard of majority has not risen. The most important cause of this situation is:
61 - In past decades Pakistan increased its GDP, yet living standard of majority has not risen. The most important cause of this situation is:
Increased population
62 - Which of the following should NOT be the aim of a government:
62 - Which of the following should NOT be the aim of a government:
Inequality of incomes
63 - Which of the following would cause incomes to become more unequal:
63 - Which of the following would cause incomes to become more unequal:
More regressive taxes
64 - What is the benefit of tariffs:
64 - What is the benefit of tariffs:
Increased government revenue
65 - Pakistan's public debt is:
65 - Pakistan's public debt is:
Smaller than GNP
66 - Pakistan's fiscal year starts from:
66 - Pakistan's fiscal year starts from:
1st July
67 - The Federal budget is presented in the parliament by:
67 - The Federal budget is presented in the parliament by:
Finance minister
68 - Pakistan's Budget has parts:
68 - Pakistan's Budget has parts:
Both (a) and (b)
69 - Federal government tax revenue collection includes:
69 - Federal government tax revenue collection includes:
Divisible taxes with provinces
70 - Which is true:
70 - Which is true:
Federal govt. collects taxes and shares with provinces
71 - Which is true?
71 - Which is true?
All of the above is true
72 - The most important body to collect taxes in Pakistan is:
72 - The most important body to collect taxes in Pakistan is:
FBR
73 - According to total amount collected the taxes fall in this order:
73 - According to total amount collected the taxes fall in this order:
Sales, custom, excise
74 - According to total amount collected the taxes fall in this order:
74 - According to total amount collected the taxes fall in this order:
Sales tax, custom, excise
75 - Which is true about amount of taxes collected in Pakistan:
75 - Which is true about amount of taxes collected in Pakistan:
Indirect taxes are more than direct taxes
76 - Exemption limit for income tax in Pakistan is:
76 - Exemption limit for income tax in Pakistan is:
3 lakh
77 - Rate of General Sales Tax (GST) is:
77 - Rate of General Sales Tax (GST) is:
More than 10% but less than 20%
78 - 40% of income of federal government is obtained from:
78 - 40% of income of federal government is obtained from:
Income tax
79 - Pakistan's expenditure on defence is:
79 - Pakistan's expenditure on defence is:
More than 10% but less than 25%
80 - Which of the following is international trade:
80 - Which of the following is international trade:
Trade between countries
81 - Theory of comparative advantage was presented by:
81 - Theory of comparative advantage was presented by:
Ricardo
82 - Which is NOT an advantage of international trade:
82 - Which is NOT an advantage of international trade:
Dependence on foreign countries
83 - If Japan and Pakistan start free trade, difference in wages in two countries will:
83 - If Japan and Pakistan start free trade, difference in wages in two countries will:
Decrease
84 - Trade between two countries can be useful if cost ratios of goods are:
84 - Trade between two countries can be useful if cost ratios of goods are:
Different
85 - Modern theory of international trade is based n the views of:
85 - Modern theory of international trade is based n the views of:
Heckcsher and Ohlin
86 - Foreign trade creates among countries:
86 - Foreign trade creates among countries:
Cooperation
87 - Net exports equal:
87 - Net exports equal:
Exports - Imports
88 - A tariff:
88 - A tariff:
Reduces the volume of trade
89 - A tariff is:
89 - A tariff is:
Tax and imports
90 - Dumping refers to:
90 - Dumping refers to:
Sale of goods abroad at low a price, below their cost and price in home market
91 - According to Hecksher and Ohlin basic cause of international trade is:
91 - According to Hecksher and Ohlin basic cause of international trade is:
Difference in factor endowments
92 - All are advantages of foreign trade EXCEPT:
92 - All are advantages of foreign trade EXCEPT:
People get foreign exchange
93 - Two countries can gain from foreign trade if:
93 - Two countries can gain from foreign trade if:
(a) and (c) of above
94 - International trade and domestic trade differ because of:
94 - International trade and domestic trade differ because of:
All of the above
95 - Terms of trade of developing countries are generally unfavourable because:
95 - Terms of trade of developing countries are generally unfavourable because:
(a) and (b) of above
96 - Term of trade of a country show:
96 - Term of trade of a country show:
Ratio of prices of exports and imports
97 - In a free trade world in which no restrictions exist, international trade will lead to:
97 - In a free trade world in which no restrictions exist, international trade will lead to:
Increased efficiency
98 - Govt. policy about exports and imports is called:
98 - Govt. policy about exports and imports is called:
Commercial policy
99 - What would encourage trade between two countries:
99 - What would encourage trade between two countries:
Reduced tariffs
100 - "Terms of trade" between two countries refer to a ratio of:
100 - "Terms of trade" between two countries refer to a ratio of:
Export prices to import prices
101 - What would encourage trade between two countries?
101 - What would encourage trade between two countries?
Reduced tariffs
102 - It is drawback of protection:
102 - It is drawback of protection:
All of the above
103 - It is drawback of free trade:
103 - It is drawback of free trade:
Government looses income from custom duties
104 - Gold standard means:
104 - Gold standard means:
(a) and (c) of above
105 - Terms of trade of a country:
105 - Terms of trade of a country:
Are determined by the price index of export and import goods
106 - Pakistan's terms of trade:
106 - Pakistan's terms of trade:
Have fallen over past few years
107 - Exchange value of Pak rupee against other currencies has fallen because:
107 - Exchange value of Pak rupee against other currencies has fallen because:
Our imports are more than exports
108 - This is an advantage of foreign trade:
108 - This is an advantage of foreign trade:
New technology comes to the country
109 - This is NOT an advantage of foreign trade:
109 - This is NOT an advantage of foreign trade:
We can get gold from abroad
110 - Foreign trade:
110 - Foreign trade:
All of the above
111 - Foreign trade:
111 - Foreign trade:
Benefits all countries
112 - Foreign trade has the advantage:
112 - Foreign trade has the advantage:
(b) and (c) of above
113 - In foreign trade, Protection policy means:
113 - In foreign trade, Protection policy means:
Restrictions on imports
114 - If a country decreases the external value of its currency, it will affect:
114 - If a country decreases the external value of its currency, it will affect:
All of the above
115 - The theory explaining trade between two countries is called:
115 - The theory explaining trade between two countries is called:
Comparative advantage
116 - The theory explaining trade between two countries is called:
116 - The theory explaining trade between two countries is called:
Comparative cost theory
117 - Trade between two countries takes place when:
117 - Trade between two countries takes place when:
Cost ratios of commodities are different
118 - David Ricardo presented the theory of international trade called:
118 - David Ricardo presented the theory of international trade called:
Theory of comparative advantage
119 - Rich countries have deficit in their balance of payments:
119 - Rich countries have deficit in their balance of payments:
Sometimes
120 - Balance of payments means:
120 - Balance of payments means:
The balance of receipts and payments of foreign exchange by a country
121 - Pakistan is not a member of:
121 - Pakistan is not a member of:
OPEC
122 - International trade is possible primarily through:
122 - International trade is possible primarily through:
Specialization in production of a few goods
123 - Pakistan imports some goods and exports other goods primarily because of:
123 - Pakistan imports some goods and exports other goods primarily because of:
Comparative advantage
124 - A country that does not trade with other countries is called:
124 - A country that does not trade with other countries is called:
Closed economy
125 - To increase exports, Pakistan must:
125 - To increase exports, Pakistan must:
(a) and (b) of above
126 - Policy of Protection in trade:
126 - Policy of Protection in trade:
Protects local producers
127 - Pakistan's exports mainly consists of products:
127 - Pakistan's exports mainly consists of products:
Semi-manufactured and manufactured goods
128 - Pakistan's exports mainly consists of products:
128 - Pakistan's exports mainly consists of products:
Semi-manufactured
129 - The largest item in our import list is:
129 - The largest item in our import list is:
Petroleum
130 - Select the correct statement:
130 - Select the correct statement:
Pakistan's exports mainly consist of low-value goods
131 - Commercial policy means:
131 - Commercial policy means:
Policy about imports and exports
132 - Import of petroleum makes up Pakistan's total import bill:
132 - Import of petroleum makes up Pakistan's total import bill:
0.25
133 - The largest item of Pakistan's exports is:
133 - The largest item of Pakistan's exports is:
Ready made garments
134 - Largest share of Pakistan's exports go to:
134 - Largest share of Pakistan's exports go to:
USA
135 - Pakistan's share in the world for cotton textiles is:
135 - Pakistan's share in the world for cotton textiles is:
Less than 3%
136 - Pakistan's:
136 - Pakistan's:
All are true
137 - In Pakistan's foreign trade:
137 - In Pakistan's foreign trade:
Exports are less than imports
138 - Since 2005, custom duties have been reduced because of international agreement under:
138 - Since 2005, custom duties have been reduced because of international agreement under:
WTO
139 - Pakistan's exports mainly go to:
139 - Pakistan's exports mainly go to:
USA
140 - To facilitate foreign trade, Pakistan has established in different cities:
140 - To facilitate foreign trade, Pakistan has established in different cities:
Dry ports
141 - The balance of payments account of Pakistan is prepared by:
141 - The balance of payments account of Pakistan is prepared by:
State Bank of Pakistan
142 - Pakistan exports these goods:
142 - Pakistan exports these goods:
Cotton, yarn, fish, rice
143 - Pakistan imports these goods:
143 - Pakistan imports these goods:
Machinery, oil, fertilizer
144 - Balance of payments of a country includes:
144 - Balance of payments of a country includes:
All of above
145 - Balance of payments of a country includes:
145 - Balance of payments of a country includes:
Both (a) and (b)
146 - Final balance of payments of a country is:
146 - Final balance of payments of a country is:
Always balanced
147 - Balance of payments of a country has parts:
147 - Balance of payments of a country has parts:
3
148 - Exchange rate for currencies is determined by supply and demand in system of:
148 - Exchange rate for currencies is determined by supply and demand in system of:
Flexible
149 - If GNP of Pakistan rises, it will encourage:
149 - If GNP of Pakistan rises, it will encourage:
Both
150 - A country that does not trade with other countries is called an economy:
150 - A country that does not trade with other countries is called an economy:
Closed
151 - If Japanese import more goods from Pakistan (other things remain same)
151 - If Japanese import more goods from Pakistan (other things remain same)
(a) and (b) of above
152 - Invisible items in balance of payments include:
152 - Invisible items in balance of payments include:
All the three
153 - Pakistan follows the policy of:
153 - Pakistan follows the policy of:
Flexible exchange rate
154 - It helps countries to meet deficit in balance of payments:
154 - It helps countries to meet deficit in balance of payments:
IMF
155 - The balance of payments of country means
155 - The balance of payments of country means
The annual account of foreign trade
156 - Pakistan's exports are part of our GDP:
156 - Pakistan's exports are part of our GDP:
0.15
157 - What would cause a country's exchange rate to fall:
157 - What would cause a country's exchange rate to fall:
An increased demand for its imports
158 - Which of the following must always balance:
158 - Which of the following must always balance:
Balance of payments
159 - What will be expected result if the value of rupee falls against dollar?
159 - What will be expected result if the value of rupee falls against dollar?
The price of American goods in Pakistan will rise
160 - If Toyota Company, establishes a factory in Pakistan, this will be recroded in balance of payments in the section:
160 - If Toyota Company, establishes a factory in Pakistan, this will be recroded in balance of payments in the section:
Capital account
161 - 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:
161 - 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:
Capital account
162 - Which of the following must always balance?
162 - Which of the following must always balance?
Balance of payments
163 - Which of the following compares the average price of exports to average price of imports?
163 - Which of the following compares the average price of exports to average price of imports?
The terms of trade
164 - IMF represents
164 - IMF represents
International Monetary Fund
165 - Flexible exchange rate system has the advantage:
165 - Flexible exchange rate system has the advantage:
Automatic adjustment of balance of payments
166 - Fixed exchange rate system has the advantage:
166 - Fixed exchange rate system has the advantage:
(b) and (c) of above
167 - Export of goods is called trade in:
167 - Export of goods is called trade in:
Visible goods
168 - Export of goods is called trade in:
168 - Export of goods is called trade in:
Invisible goods
169 - Visible goods are recorded in this part of balance of payments account:
169 - Visible goods are recorded in this part of balance of payments account:
Current account
170 - Visible exports include:
170 - Visible exports include:
Computer hardware
171 - Visible imports include:
171 - Visible imports include:
Machinery
172 - If balance of payments of country is in deficit, then:
172 - If balance of payments of country is in deficit, then:
(a) and (c) of above
173 - The balance of payments account of a country includes:
173 - The balance of payments account of a country includes:
Both a and c of the above
174 - Foreign exchange reserves increase if:
174 - Foreign exchange reserves increase if:
Exports increase imports remain the same
175 - The receipts and payments for goods exported and imported are counted in:
175 - The receipts and payments for goods exported and imported are counted in:
Trade account
176 - IMF has given loan to Pakistan. It will improve Pakistan's:
176 - IMF has given loan to Pakistan. It will improve Pakistan's:
(b) and (c) of above
177 - IMF gives loans:
177 - IMF gives loans:
To fill gap in balance of payments
178 - In capitalism there is sovereignty of:
178 - In capitalism there is sovereignty of:
Consumer
179 - Basic principle of Islamic economic system is:
179 - Basic principle of Islamic economic system is:
Justice
180 - In capitalistic system, prices of goods are determined by:
180 - In capitalistic system, prices of goods are determined by:
Forces of demand and supply
181 - In socialistic system, prices of goods are determined by:
181 - In socialistic system, prices of goods are determined by:
Government
182 - In working of markets, the Islamic system is nearer to:
182 - In working of markets, the Islamic system is nearer to:
Mixed economy
183 - Which is the basic economic problem, which is common in all economic systems:
183 - Which is the basic economic problem, which is common in all economic systems:
Allocation of scarce resources
184 - In a country like Pakistan:
184 - In a country like Pakistan:
There is reliance on market
185 - In Islamic economic system:
185 - In Islamic economic system:
There is reliance on market
186 - Capitalism is defined as an economic system where there is:
186 - Capitalism is defined as an economic system where there is:
All of the above
187 - Pakistan having a:
187 - Pakistan having a:
Islamic economy
188 - The contribution of industry in our GDP is:
188 - The contribution of industry in our GDP is:
0.19
189 - The percentage of our labour force working in agriculture is:
189 - The percentage of our labour force working in agriculture is:
0.44
190 - The government spends on education percentage of GDP:
190 - The government spends on education percentage of GDP:
5
191 - The lower literacy rate in females is due to:
191 - The lower literacy rate in females is due to:
All of the above
192 - Life expectancy in Pakistan is (in years):
192 - Life expectancy in Pakistan is (in years):
66
193 - Public spending on health is:
193 - Public spending on health is:
Less than 1%
194 - Infant mortality rate in Pakistan is:
194 - Infant mortality rate in Pakistan is:
65
195 - Life expectancy in Pakistan is:
195 - Life expectancy in Pakistan is:
Between 60 to 70 years
196 - Environment includes:
196 - Environment includes:
All of the above
197 - Environment deterioration is occurring because of:
197 - Environment deterioration is occurring because of:
(a) and (b) of above
198 - Forests in Pakistan are decreasing because:
198 - Forests in Pakistan are decreasing because:
All of the above
199 - Forest cover in Pakistan is:
199 - Forest cover in Pakistan is:
0.04
200 - Expenditure on health as percentage of GDP is:
200 - Expenditure on health as percentage of GDP is:
Less than 4%
201 - Many people do not send their children to schools because of:
201 - Many people do not send their children to schools because of:
All of the above
202 - Private sector participation is expanding in:
202 - Private sector participation is expanding in:
Both (a) and (b)
203 - People do not care for environment problems because of
203 - People do not care for environment problems because of
(a) and (b) of above
204 - There are stock exchanges in Pakistan:
204 - There are stock exchanges in Pakistan:
3
205 - Literacy rate is lower in:
205 - Literacy rate is lower in:
Females
206 - Pakistan's saving rate is:
206 - Pakistan's saving rate is:
0.15
207 - Pakistan's per capita income at constant prices in rupees is:
207 - Pakistan's per capita income at constant prices in rupees is:
Rs.32,000
208 - Largest sector of Pakistan economy is:
208 - Largest sector of Pakistan economy is:
Agriculture
209 - In the world population-wise Pakistan is:
209 - In the world population-wise Pakistan is:
6th
210 - Population growth rate in Pakistan is:
210 - Population growth rate in Pakistan is:
0.02
211 - Contribution of industrial sector in Pakistan's GDP is:
211 - Contribution of industrial sector in Pakistan's GDP is:
0.18
212 - According to Pakistan Economic Survey, per capita income of Pakistan in U.S. dollars is:
212 - According to Pakistan Economic Survey, per capita income of Pakistan in U.S. dollars is:
800
213 - Which one is per capita income:
213 - Which one is per capita income:
Per person income
214 - Base year of Pakistan for national accounting is:
214 - Base year of Pakistan for national accounting is:
1999-2000
215 - Average growth rate of Pakistan's national income in past five years have been:
215 - Average growth rate of Pakistan's national income in past five years have been:
0.06
216 - Which of the following is an example of primary production:
216 - Which of the following is an example of primary production:
Farmer growing wheat
217 - Which is most likely to cause a more even distribution of income:
217 - Which is most likely to cause a more even distribution of income:
An increase in progressive taxation
218 - If a country's growth rate was 5%, it means there would be 5% increase in:
218 - If a country's growth rate was 5%, it means there would be 5% increase in:
Goods and service Produced
219 - Pakistan's per capita income is less than:
219 - Pakistan's per capita income is less than:
All of the above
220 - Working population is percent of total population of Pakistan:
220 - Working population is percent of total population of Pakistan:
0.3
221 - Literacy rate in Pakistan is:
221 - Literacy rate in Pakistan is:
0.57
222 - It increases rate of capital formation:
222 - It increases rate of capital formation:
New technology
223 - It creates difficulties in measurement of national income of Pakistan:
223 - It creates difficulties in measurement of national income of Pakistan:
Low literacy rate
224 - This step will increase saving in Pakistan:
224 - This step will increase saving in Pakistan:
Decrease in taxes
225 - This step will increase investment in Pakistan:
225 - This step will increase investment in Pakistan:
Increase in saving
226 - This step will increase investment in Pakistan:
226 - This step will increase investment in Pakistan:
Decrease interest rate
227 - This step will increase per capita income in Pakistan:
227 - This step will increase per capita income in Pakistan:
Increase in investment
228 - Pakistan's:
228 - Pakistan's:
GDP is smaller than GNP
229 - It creates difficulties in measurement of national income of Pakistan:
229 - It creates difficulties in measurement of national income of Pakistan:
Illiteracy, underground economy
230 - The largest share in Pakistan's GNP is that of:
230 - The largest share in Pakistan's GNP is that of:
Agriculture
231 - Commodity sector contributes to national income of Pakistan:
231 - Commodity sector contributes to national income of Pakistan:
0.48
232 - Pakistan started its first five-year plan in:
232 - Pakistan started its first five-year plan in:
1955
233 - Contribution of agriculture in Pakistan's national income is:
233 - Contribution of agriculture in Pakistan's national income is:
0.21
234 - Most of our exports consist of:
234 - Most of our exports consist of:
Cotton products
235 - Pakistan is an economy:
235 - Pakistan is an economy:
Developing
236 - Contribution of industrial sector in Pakistan economy is:
236 - Contribution of industrial sector in Pakistan economy is:
0.19
237 - The largest sector of Pakistan economy is:
237 - The largest sector of Pakistan economy is:
Agriculture
238 - Size of Pakistan's 8th plan was in rupees:
238 - Size of Pakistan's 8th plan was in rupees:
1700 billion
239 - Pakistan produces of its oil requirements:
239 - Pakistan produces of its oil requirements:
0.2
240 - Investment rate in Pakistan is around:
240 - Investment rate in Pakistan is around:
0.18
241 - Which of the following is NOT a characteristic of underdeveloped countries:
241 - Which of the following is NOT a characteristic of underdeveloped countries:
Low population growth rate
242 - Pakistan' income is low because:
242 - Pakistan' income is low because:
Fast growing population
243 - The most important factor in economic development is:
243 - The most important factor in economic development is:
Quality of human resources
244 - Which is likely to be higher in a developing country like Pakistan:
244 - Which is likely to be higher in a developing country like Pakistan:
Birth rate
245 - Economic development:
245 - Economic development:
Means improvement in lifestyle
246 - Economic development is measured on the basis of:
246 - Economic development is measured on the basis of:
Increase in real GNP
247 - Select the combination which is most likely to be found in developing countries:
247 - Select the combination which is most likely to be found in developing countries:
High birth rate and low GDP per head
248 - Rate of economic development in Pakistan will increase if
248 - Rate of economic development in Pakistan will increase if
Saving rate increases
249 - Rate of economic development will fall if:
249 - Rate of economic development will fall if:
Smaller % of national income is invested
250 - It is a measure of economic development:
250 - It is a measure of economic development:
Increase in national and per capita income
251 - It is not a factor of economic development:
251 - It is not a factor of economic development:
Money
252 - Measurement of economic development is based on:
252 - Measurement of economic development is based on:
Real income
253 - Pakistan needs:
253 - Pakistan needs:
All of the above
254 - The highest govt. body for economic planning in Pakistan is:
254 - The highest govt. body for economic planning in Pakistan is:
Planning Commission
255 - When a country develops:
255 - When a country develops:
All of the above
256 - Economic planning in Pakistan started:
256 - Economic planning in Pakistan started:
During 1950's
257 - We can increase rate of economic growth in Pakistan if we increase:
257 - We can increase rate of economic growth in Pakistan if we increase:
Investment
258 - When economic development takes place:
258 - When economic development takes place:
(b) and (c) of the above
259 - When economic development takes place:
259 - When economic development takes place:
All of the above
260 - When economic development takes place:
260 - When economic development takes place:
(a) and (c) of above
261 - When economic development takes place:
261 - When economic development takes place:
Specialization increases
262 - It is acting as obstacle to economic development of Pakistan:
262 - It is acting as obstacle to economic development of Pakistan:
Lack of capital
263 - It is acting as obstacle to economic:
263 - It is acting as obstacle to economic:
Poliitical instability
264 - It is acting as obstacle to economic development of Pakistan:
264 - It is acting as obstacle to economic development of Pakistan:
All of the above
265 - Medium-term plan covers:
265 - Medium-term plan covers:
3 to 5 years
266 - Economic planning does not need:
266 - Economic planning does not need:
Change of government
267 - There are obstacles to rapid economic development of Pakistan:
267 - There are obstacles to rapid economic development of Pakistan:
All of the above
268 - It is a good measure of economic development:
268 - It is a good measure of economic development:
Rate of change in real incomes
269 - We cannot find per capita income of the country unless we know:
269 - We cannot find per capita income of the country unless we know:
Total GNP
270 - It is a characteristic of developing economy:
270 - It is a characteristic of developing economy:
None of the above
271 - Pakistan started its planning experience with:
271 - Pakistan started its planning experience with:
Colombo Plan
272 - Pakistan is underdeveloped because of:
272 - Pakistan is underdeveloped because of:
Poor governance and corruption
273 - In Pakistan poverty is measured by:
273 - In Pakistan poverty is measured by:
Per capita income, calorie intake
274 - Pakistan faces shortage of energy because:
274 - Pakistan faces shortage of energy because:
Lack of proper planning
275 - When an economy produces more output per capital the economy is said to be having:
275 - When an economy produces more output per capital the economy is said to be having:
Economic growth
276 - In a developing country:
276 - In a developing country:
All of the above are true
277 - Economic planning in Pakistan is conducted by:
277 - Economic planning in Pakistan is conducted by:
Pakistan Planning Commission
278 - According to Malthus, population increases by progression of kind:
278 - According to Malthus, population increases by progression of kind:
Geometric
279 - Productivity of labour can be increased by:
279 - Productivity of labour can be increased by:
All of the above
280 - All labour is:
280 - All labour is:
Heterogeneous
281 - Mobility of labour:
281 - Mobility of labour:
(a) and (c) of above
282 - Unemployment due to mechanization of agriculture is:
282 - Unemployment due to mechanization of agriculture is:
Structural
283 - Labour includes:
283 - Labour includes:
All of the above
284 - A skilled worker is an example of:
284 - A skilled worker is an example of:
(b) and (c) above
285 - The labour force participation rate is:
285 - The labour force participation rate is:
Proportion of population working or seeking work
286 - Union leaders are in a better position to bargain for higher wages if demand for labour is:
286 - Union leaders are in a better position to bargain for higher wages if demand for labour is:
Inelastic
287 - In which form the largest percentage of national income is earned:
287 - In which form the largest percentage of national income is earned:
Employees' wages
288 - Who is unemployed:
288 - Who is unemployed:
A freshly graduated engineer who is searching for a job
289 - Standard of living of workers depends upon their:
289 - Standard of living of workers depends upon their:
Real wages
290 - Unemployment takes place because of:
290 - Unemployment takes place because of:
High population growth rate
291 - Unemployment rate in Pakistan is:
291 - Unemployment rate in Pakistan is:
Between 5% and 20%
292 - Working population in Pakistan is in the ratio of total population:
292 - Working population in Pakistan is in the ratio of total population:
1?3
293 - This is a cause of unemployment:
293 - This is a cause of unemployment:
Fast population growth
294 - Productivity of labour is measured by:
294 - Productivity of labour is measured by:
Production per hour
295 - Various kinds of unemployment are:
295 - Various kinds of unemployment are:
Seasonal and Structural
296 - These steps will raise productivity of labour:
296 - These steps will raise productivity of labour:
(b) and (c) above
297 - By 2010, Pakistan's total population reached approximately:
297 - By 2010, Pakistan's total population reached approximately:
17 crores
298 - By 2010, Pakistan's total population reached approximately:
298 - By 2010, Pakistan's total population reached approximately:
173 million
299 - The nature of unemployment due to mechanization of agriculture is:
299 - The nature of unemployment due to mechanization of agriculture is:
Structural
300 - Mobility of labour:
300 - Mobility of labour:
Increases efficiency of labour
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