(a) The balance of amount after paying debt
(b) The balance of income and expenditure in the annual budget
(c) The balance between a nation's expenditure on imports and its receipts from exports.
(d) None of the above
(a) Fix a quota for each member country trading in International Market
(b) To eliminate quota system and promote free competition in trade.
(c) To secure Third World markets for American and European goods
(d) To abolish completely custom duties on items of trade within member countries
(a) 560 (b) 940
(c) 1230 (d) 1503
(a) The World Bank has to affiliates, the International Development Association and the International Finance Corporation.
(b) The membership of the IMF is the principal condition for membership of the World Bank.
(c) The World Bank provides loans to such countries whose balance of payments condition is not favourable
(d) The World Bank finance all kinds of capital infrastructure such as roads and railways, telecommunications, seaports and power facilities in the developing countries.
(a) To provide loans to the members of UNO for development of Industrial infra structure
(b) To make foreign exchange resources available for those countries that want to import essential items of food
(c) To make foreign exchange resources available for those countries facing balance of payments difficulties
(d) None of the above
Shelter for the Homeless” in:
(a) 1985 (b) 1987
(c) 1990 (d) 1992
(a) Private Pan Islamic Bank
(b) International Islamic Foundation for Science and Technology
(c) Refugees Rehabilitation Fund
(d) None of the above
(a) 44,300 Barrels (b) 57,700 Barrels
(c) 65,200 Barrels (d) 70,000 Barrels
(a) 1 January 2002 (b) 1 January 2003
(c) 1 July 2004 (d) 1 January 2005
(a) France (b) Saudi Arabia
(c) U.S.A (d) U.K.
(a) USA (b) U.K.
(c) Russia (d) Japan
(a) Enhancing the level of saving rate
(b) Discouraging the blockage of money in such schemes
(c) To encourage the investors to invest their capital in
active business ventures
(d) To bridge the gap between their profit rate and Bank's mark up rate on loans
(a) 3 percent (b) 5 percent
(c) 8 percent (d) 15 percent
(a) 1974 (b) 1977
(c) 1979 (d) 1981
(a) Kampala (b) Bucharest
(c) Nairobi (d) Ankara
(a) Trade Balance (b) Trade Deficit
(c) Trade Surplus (d) Volume of Trade
(a) Which gives high profit to the farmers
(b) Which is grown only for sale
(c) Which is grown after taking Cash loan from Banks
(d) None of the above one
(a) Devaluation (b) Revolution
(c) Inflation (d) Deflation
(a) Gross National Product
(b) Gross Home Products
(c) Gross Domestic Product
(d) General Domestic Production
(a) For measuring Industrial profit in a year
(b) For measuring the average share price of leading Japanese companies
(c) For measuring the average share price of major US industrial companies
(d) None of the above
(a) Promote trade of prohibited goods
(b) Restrict trade of particular commodities
(c) Restrict trade of drugs
(d) None of the above
(a) Laissez faire (b) Liberal Trade region
(c) Free Trade zone (d) All of the above one
(a) State should refrain from all intervention in economic affairs
(b) State should manage every field of economic activities for the benefit of the public
(c) There should be fair distribution of wealth in the society
(d) None of the above one
(a) Bangladesh (b) Pakistan
(c) Nepal (d) Sri Lanka
(a) Deficiency in planning
(b) Lack of knowledge
(c) Psychological and Social Orthodoxy
(d) Non-availability of devices
(a) Government Expenditure
(b) Fiscal Revenue
(c) Volume of Trade
(d) Terms of Trade
(a) International Trade (b) Foreign Exchange
(c) Line of Credit (d) Barter Trade
(a) Real tax (b) Direct Tax
(c) Indirect Tax (d) Ad Valorem Tax
(a) Justice (R) Saleem Kazmi
(b) Justice (R) Allah Nawaz
(c) Justice (R) Ijaz Nisar
(d) Justice (R) Saleem Akhtar
(a) Surplus stock (b) Overhead stock
(c) Buffer stock (d) Overall stock
(a) Floor price (b) Ceiling price
(c) Real price (d) Average price
(a) Two way trade (b) Exchange trade
(c) Free trade (d) Selective trade
(a) Free economy (b) Closed economy
(c) Joint economy (d) Mixed economy
6
(a) Multi lateral agreement (b) Bilateral agreement
(c) Single agreement (d) Special agreement
(a) 1952 (b) 1955
(c) 1957 (d) 1959
(a) 38% (b) 40%
(c) 45% (d) 50%
(a) Less duties are paid
(b) No duties and no restrictions
(c) Selective duties are paid
(d) Restrictions on imports but not on exports
(a) USA (b) U.K
(c) China (d) Japan
(a) The exchange rate of currencies in the open market
(b) The exchange rate of currencies determined by the State Bank of Pakistan
(c) All sort of Monetary dealings in foreign currencies within the stock exchange
(d) None of the above one
(a) 1st January (b) 1st March
(c) 1st July (d) 1st April
(a) House rent (b) Benevolent fund
(c) Pension (d) None of the above
(a) Defence
(b) Subsidies
(c) Running of civil government
(d) Debt servicing
(a) Rs. 2 billion (b) Rs. 4 billion
(c) Rs. 5 billion (d) Rs. 3 billion
(a) Federal Subject (b) Provincial Subject
(c) Concurrent subject (d) None of the above one
(a) China (b) Canada
(c) USA (d) Russia
(a) ASCI White (b) ASCI Red
(c) ASCI Pink (d) None of the above
(a) Migration of intellectual
(b) Shift of Brain
(c) Brain drain
(d) Transfer of mind
(a) 7th (b) 8th
(c) 9th (d) 10th
(a) 350 US Dollars (b) 408 US Dollars
(c) 483 US Dollars (d) 503 US Dollars
(a) N.W.F.P. (b) Balochistan
(c) Punjab (d) Sindh
(a) 2 billion (b) 3 billion
(c) 3.5 billion (d) 4 billion
(a) External borrowing
(b) Domestic non-Bank borrowing
(c) Borrowing from to banking system
(d) All the above sources
(a) 25% Gross National Products each year
(b) 30% Gross National Products each year
(c) 35% Gross National Products each year
(d) 40% Gross National Products each year
(a) Low savings
(b) Rapid growth of Population
(c) Inadequate banking facilities
(d) All the above one
(a) 7% (b) 9%
(c) 11% (d) 14%
(a) Industry (b) Agriculture
(c) Foreign remittances (d) None of the above
(a) Industry (b) Agriculture
(c) Both the above (d) None of the above one
(a) 1948 - 52 (b) 1955 – 60
(c) 1960 - 65 (d) 1962 - 67
Pakistan?
(a) 18.05% (b) 28.07%
(c) 37.01% (d) 48.01%
(a) 3.5% (b) 4.8%
(c) 7.3% (d) 9.3%
(a) Kuwait (b) Iran
(c) Saudi Arabia (d) U.A.E
(a) IMF
(b) World Bank
(c) Assistance to Pakistan Forum
(d) Pakistan Development Forum
(a) Quetta (b) Peshawar
(c) Lahore (d) Rawalpindi
(a) 1963 (b) 1965
(c) 1968 (d) 1972
(a) India (b) Sri Lanka
(c) Pakistan (d) Nepal
(a) Peshawar (b) Mardan
(c) Mansehra (d) D.G. Khan
(a) Japan (b) India
(c) Sri Lanka (d) Indonesia
(a) Pakistan (b) China
(c) Indonesia (d) Bangladesh
(a) Pakistan (b) Bangladesh
(c) India (d) Sri Lanka
(a) 6 billion (b) 8 billion
(c) 9 billion (d) 10 billion
(a) Geography (b) Demography
(c) Plutocracy (d) Sociology
(a) 47.292 million -2.51% (b) 72.585 million -2.01%
(c) 73.585 million -2.61% (d) 63.433 million -3.01%
(a) 2.01% (b) 2.61%
(c) 3.01% (d) 3.61%
(a) 40% (b) 52%
(c) 59% (d) 68%
(a) 353 (b) 480
(c) 590 (d) 882
(a) America (b) United Kingdom
(c) Germany (d) Japan
(a) 1.05% (b) 1.75%
(c) 2.01% (d) 3.4%
(a) Excess circulation of money, causing dearness of goods
(b) Increase in interest rates diverts money into savings and reduce circulation of money causing prices to fall.
(c) Devaluation of local currency to the larger extend.
(d) Decline in remittances from abroad, causing economic hardships for the Government
(a) Punjab (b) Sindh
(c) N.W.F.P. (d) Islamabad
(a) Islamabad (b) FATA
(c) Balochistan (d) N.W.F.P.
(a) 50% (b) 55%
(c) 60% (d) 62%
(a) 3% (b) 5%
(c) 7% (d) 9%
(a) 3500 mw (b) 4250 mw
(c) 4880 mw (d) 5200 mw
(a) 7000 mw (b) 9000 mw
(c) 12000 mw (d) 14000 mw
(a) Rawalpindi (b) Mardan
(c) Mansehra (d) Noshki
(a) 0.02% (d) 0.05%
(c) 0.07% (d) 0.08%
(a) Bahawalpur (b) Faislabad
(c) Lahore (d) Rawalpindi
(a) Asia (b) Australia
(c) North America (d) Europe
(a) 2020 (b) 2025
(c) 2030 (d) 2050
(a) Multan (b) D.G. Khan
(c) Gujranwala (d) Lahore
(a) Multan (b) Rawalpindi
(c) Sargodah (d) Lahore
(a) Four (b) Six
(c) Seven (d) Nine
(a) Three (b) Four
(c) Five (d) Six
(a) Gujranwala (b) Lahore
(c) Rawalpindi (d) Multan
(a) Wheat sowing area has been replaced with sugar cane crop by the farmers.
(b) A large portion of wheat Crop has been damaged by pests.
(c) Smuggling of wheat flour to other country
(d) None of the above
(a) 96 km (b) 133 km
(c) 144 km (d) 154 km
(a) Bahawalpur Division (b) Faislabad Division
(c) Lahore Division (d) Multan Division
(a) Rice (b) Cotton
(c) Soyabean (d) Wheat
(a) 16.0% (b) 18.0%
(c) 25.0% (d) 39.0%
(a) Faisalabad (b) Bahawalpur
(c) Gujranwala (d) Multan
(a) 65% (b) 73%
(c) 79% (d) 83%
(a) Faisalabad Divisional (b) D.G. Khan Division
(c) Multan Division (d) Bahawalpur Division
(a) 5,062 million acres (b) 8,095 million acres
(c) 9,900 million acres (d) 12,300 million acres
(a) Income of all the rich people of the country
(b) Income of all industrialists of the country
(c) Income of all the agriculturists in the country
(d) Income of all the people in the country during a year
(a) Produced in the country with foreign resources during a year
(b) Produced within the geographical boundaries of a country during a year
(c) Produced by the factors belonging to the country working in or outside the country (d) None of the above
(a) Produced in a country with domestic or foreign factors
(b) Produced by the factors belonging to the country working in or out of the country
(c) Produced by the factors belonging to the country working abroad
(d) None of the above
(a) Annual income of Central Government
(b) Total wealth of a Nation
(c) Income derived from taxes by the Central Government
(d) Annual income of citizens of a country
(a) Rajanpur (b) Bahawalpur
(c) Layyah (d) D.G. Khan
(a) All wealth of a nation
(b) Annual income of the central government
(c) All incomes of the people of the country in a year
(d) Income derived from taxes by the central government
(a) Retired person's activities are not included in calculating national income
(b) The goods are not exchanged through the market mechanism
(c) It would involve double counting
(d) There is no way of imputing the value of such goods.
(a) Construction of a new house
(b) Purchasing a newly floated share of a joint stock company
(c) Building a new factory
(d) All the above
(a) Volume of goods and services increases
(b) Prices of goods and services increase
(c) Consumer's real income decrease
(d) None of the above one
(a) If prices rise, real income also rises
(b) In calculating national income, retirement pension are excluded
(c) Stock of goods not sold by the producer, is excluded from GNP
(d) None of the above one
(a) Average income of the working class
(b) Average income of the people of a country during a year
(c) Average income of labourers only
(d) None of the above one
(a) There is lack of Natural resources
(b) These is over-population
(c) Unfavourable climatic conditions
(d) All of the above
(a) Increase in agricultural production of a country
(b) Increase in mineral resources of the country
(c) Increase in real national income and standard of the living of the people of country
(d) Increase in consumption expenditure of the country
(a) Economic development is a process whereby an economy real national income increases over a long period of time
(b) Economic development is measured by the rate of population increases
(c) As a result of economic development of a country, the share of industrial sector in the national income increases
(d) Per capita income is a better measure of economic development than the national income.
(a) An increase in wages
(b) An increase in interest rates
(c) An increase in the balance of payments deficit
(d) An increase in capital investment
(a) Planning family size by limiting the number of children
(b) Making decisions as to what is to be produced, how when and where it is to be produced and to whom it is to be allocated on the basis of comprehensive survey of the economic system as a whole
(c) Planning to increase agricultural and industrial production
(d) None of the above
(a) 0.02 percent (b) 0.6 percent
(c) 1.5 percent (d) 1.9 percent
(a) 1985 (b) 1987
(c) 1989 (d) 1991
(a) They are accepted by most people
(b) They act as receipts
(c) They can be written for any amount
(d) They can be sent safely by post
(a) Cheques
(b) Bank notes/metalic coins
(c) Bills of exchange
(d) Promissory notes
(a) Not legal tender
(b) Valueless
(c) Worthless than the value of the metal they contain
(d) Worth more than the value of the metal they contain
(a) Government of Pakistan (b) State Bank of Pakistan
(c) Both of the above (d) None of the above
(a) Government of Pakistan
(b) State Bank of Pakistan
(c) Both of the above
(d) None of the above
(a) Government of Pakistan
(b) State Bank of Pakistan
(c) Both of the above
(d) None of the above
(a) In barter system, goods are exchanged with goods
(b) Token money has its face value equal to the value of the metallic content
(c) One rupee note is convertible paper money
(d) Silver and gold full-bodied coins circulated these days.
(a) Only the person in whose favour a bearer cheque is written can cash this cheque
(b) Crossed cheque can be got cashed by any one
(c) Order cheque can be got cashed on identification
(d) If the money unit is not scarce, it ceases to be used as money.
(a) There is no difference in bearer and order cheque
(b) Payment of Bill of Exchange (sight) is made immediately
(c) Pakistan has a strong stock exchange market
(d) A cheque is a form of currency note
(a) Power of a good to command other things in exchange
(b) Power of money to command goods and services in exchange
(c) Power of a currency note to command coins in exchange
(d) Power of money to command foreign currency.
(a) Double the quantity of money and other things, being equal, the prices will be twice as high as before and value of money one half
(b) Double the quantity of money and value of money will double
(c) Double the quantity of money and other things remaining the same the prices will be half of what they were before and value of money will be double as before
(d) None of the above
(a) Rises in value
(b) Falls in value
(c) Become scarce
(d) becomes larger in denomination
(a) Rapidly increasing prices in a certain sector or industry
(b) A temporary increases in the prices of several goods
(c) A general and consistent increase in prices in an economy
(d) Too little money choosing too many goods
(a) Devaluation causes an increase in the value of money
(b) Fixed income groups are benefited by increase in prices
(c) A decrease in production brings a decrease in the value of money
(d) None of the above
(a) Exporters (b) Debtors
(c) Pensioners (d) Creditors
(a) Higher interest rates
(b) A rise in the exchange rate
(c) An increase in the value of money
(d) A reduction in the value of money
(a) To compare the value of goods
(b) To act as medium of exchange
(c) Both of the above
(d) None of the above
(a) An increase in imported oil prices
(b) An increase in money supply
(c) An increase in unemployment allowances
(d) A reduction in income tax.
(a) Inflation brings an increase in production
(b) Inflation makes savings increase
(c) The main cause of inflation in Pakistan is deficit financing and excessive increase in money supply
(d) None of the above
(a) Someone who hoards money
(b) Someone whose income comes from securities with a fixed rate of interest
(c) Some one who owes money and is repaying the debt
(d) None of the above
(a) A central market for buying and selling all kind of goods
(b) A place where any businessman can borrow money from the members
(c) A place where a register is kept of all public and private limited companies
(d) A central market for buying and selling all kinds of securities
(a) Acting as banker to the state
(b) Managing government borrowings
(c) Controlling the money supply
(d) All of the above
(a) Mexico (b) Beijing
(c) Kolcatta (d) Tokyo
(a) Singapore (b) Bangladesh
(c) India (d) North Korea
(a) Overdrafts (b) Personal loans
(c) Money at call (d) Deposits of customers
(a) Buying long-term securities in the open market
(b) Raise the percentage of special deposits required
(c) Reduce the liquidity ratio
(d) Borrow through treasury bills rather than long term bonds
(a) Aviation
(b) Tourism
(c) Interest, profits and dividends
(d) All of the above
(a) No restriction on the movement of goods from one part of the country to the other
(b) No ban on the import or export of a commodity between countries
(c) Goods exchange between countries with out any currency
(d) None of the above
(a) Safeguard of goods and services of a country from being spoiled at the time of export
(b) Safeguard of assets of a country from being destroyed by military attack
(c) Policy of a country to discourage import of certain commodities so as to save the domestic industries from competition with foreign firms
(d) None of the above
(a) Tariffs can help new industries to become established
(b) Tariffs may divert demand to home industry and so encourage employment
(c) Tariffs encourage home industries to become more efficient
(d) All of the above
(a) There is no difference between balance of payment and balance of trade
(b) Balance of trade is also known as balance of visible trade
(c) Balance of repayment consists of three accounts namely current account, capital account and monetary account
(d) All of the above
(a) Volume of goods imported and exported
(b) Value of capital goods exported and imported
(c) Volume of consumer goods imported and exported
(d) Value of goods imported and exported
(a) Wheat (b) Sports goods
(c) Both of the above (d) None of the above
(a) Petroleum (b) Machinery
(c) Surgical goods (d) Tea
(a) Pakistan's balance of payments is mostly favourable
(b) Terms of trade of Pakistan are favourable
(c) Devaluation makes the exports to increase
(d) Pakistan imports cotton and exports wheat
(a) Public finance and private finance differ from each other in many respects
(b) In private finance, expenditure is first estimated and then resources are made available to meet this expenditure
(c) Budget period for the public finance is one year
(d) Resources in both public and private finance are limited in relation to demand for expenditure
(a) Tax is a general purpose compulsory contribution
(b) Tax payment is optional
(c) A tax payment cannot claim a direct service in lien of tax
(d) None of the above
(a) Special taxes (b) Double taxes
(c) Proportional taxes (d) Indirect taxes
(a) The shopkeepers (b) The producers
(c) The customers (d) The wholesalers
(a) Corporation tax (b) Income tax
(c) Rates (d) Tobacco tax