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ECONOMICS
|
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|
1. The Balance of payment
is understood as:
|
||||
|
(a) The balance of amount
after paying debt
|
||||
|
(b) The balance of income
and expenditure in the annual
|
||||
|
|
||||
|
(c) The balance between a
nation's expenditure on imports
|
||||
|
|
||||
|
(d) None of the above
|
||||
|
2. Pinpoint the main
objectives of World Trade Organization
|
||||
|
(WTO):
|
||||
|
(a) Fix a quota for each
member country trading in
|
||||
|
|
||||
|
(b) To eliminate quota
system and promote free competition
|
||||
|
|
||||
|
(c) To secure Third World
markets for American and
|
||||
|
European goods
|
||||
|
(d) To abolish completely
custom duties on items of trade
|
||||
|
within member countries
|
||||
|
3. The number of family
welfare centres in Punjab are:
|
||||
|
(a) 560 (b)
940
|
||||
|
(c) 1230 (d)
1503
|
||||
|
4. Which of the following
statement is not true?
|
||||
|
(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.
|
||||
|
5. Identify the main
functions of IMF:
|
||||
|
(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
|
||||
|
6. The United Nations
celebrated “International Year of
|
||||
|
Shelter for the Homeless” in:
|
||||
|
(a) 1985 (b)
1987
|
||||
|
(c) 1990 (d)
1992
|
||||
|
7. The Islamic
Development Bank would provide half a
billion
|
||||
|
US dollars in Capital to create--(a) Private Pan Islamic Bank
|
||||
|
(b) International Islamic
Foundation for Science and
|
||||
|
Technology
|
||||
|
(c) Refugees
Rehabilitation Fund
|
||||
|
(d) None of the above
|
||||
|
8. The domestic
production of crude oil in the country
is
|
||||
|
approximately (per day)
|
||||
|
(a) 44,300 Barrels (b)
57,700 Barrels
|
||||
|
(c) 65,200 Barrels (d)
70,000 Barrels
|
||||
|
9. The regulations of
World Trade Organization (WTO) shall be
|
||||
|
enforced from:
|
||||
|
(a) 1 January 2002 (b)
1 January 2003
|
||||
|
(c) 1 July 2004 (d)
1 January 2005
|
||||
|
10. The biggest market of
Pakistani exports is:
|
||||
|
(a) France (b)
Saudi Arabia
|
||||
|
(c) U.S.A (d)
U.K.
|
||||
|
11. The biggest market of
Pakistani Imports is:
|
||||
|
(a) USA (b)
U.K.
|
||||
|
(c) Russia (d)
Japan
|
||||
|
12. The Government has
reduced the rate of profit on National
|
||||
|
Saving Schemes primarily for the reason of:
|
||||
|
(a) Enhancing the level
of saving rate
|
||||
|
Economics 3
|
||||
|
(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
|
||||
|
13. Pakistan’s domestic
demand for petroleum products in
|
||||
|
growing annually with the percentage of:
|
||||
|
(a) 3 percent (b)
5 percent
|
||||
|
(c) 8 percent (d)
15 percent
|
||||
|
14. The Women’s Division
was created in the Federal
|
||||
|
Government in January:
|
||||
|
(a) 1974 (b)
1977
|
||||
|
(c) 1979 (d)
1981
|
||||
|
15. The first “World
Population Conference” under the United
|
||||
|
Nations was held in 1975 at:
|
||||
|
(a) Kampala (b)Bucharest
|
||||
|
(c) Nairobi (d)Ankara
|
||||
|
16. Difference between a
countrys exports and imports is:
|
||||
|
(a) Trade Balance (b)
Trade Deficit
|
||||
|
(c) Trade Surplus (d)
Volume of Trade
|
||||
|
17. Cash crop is the
crop:
|
||||
|
(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
|
||||
|
18. The lowering of the value of a currency in the
international
|
||||
|
market or against specific other currencies, which makes
|
||||
|
exports cheaper and imports expensive is called:
|
||||
|
(a) Devaluation (b)
Revolution
|
||||
|
(c)Inflation (d) Deflation
|
||||
|
19. The value of the
output of all goods and services produced
|
||||
|
within a nation's borders, normally given as a total for the
|
||||
|
year. It thus includes the production of foreign owned firms
|
||||
|
within the country, but excludes the income from
|
||||
|
domestically owned firms located abroad, is called:
|
||||
|
(a) Gross National
Product
|
||||
|
4 General Knowledge –
MCQs
|
||||
|
(b) Gross Home Products
|
||||
|
(c) Gross Domestic
Product
|
||||
|
(d) General Domestic
Production
|
||||
|
20. Dow Jones index' is
the scale:
|
||||
|
(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
Answers.
|
27 Feb 2015
Economics Mcqs Set 1
20:23
Economics Mcqs
