|
21. Embargoes are
designed to:
|
||||||
|
(a) Promote trade of
prohibited goods
|
||||||
|
(b) Restrict trade of
particular commodities
|
||||||
|
(c) Restrict trade of
drugs
|
||||||
|
(d) None of the above
|
||||||
|
22. When a group of
countries have removed all tariffs quotas
|
||||||
|
and export subsidies on trade among themselves –
that is
|
||||||
|
called:
|
||||||
|
(a) Laissez faire (b)
Liberal Trade region
|
||||||
|
(c) Free Trade zone (d)
All of the above one
|
||||||
|
23. Which one among the
following statements is truly explain
|
||||||
|
the `Laissez Faire' theory?
|
||||||
|
(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
|
||||||
|
24. The lowest number of
people living below the poverty line
|
||||||
|
among the SAARC Countries are in:
|
||||||
|
(a) Bangladesh (b)Pakistan
|
||||||
|
(c) Nepal (d)
Sri Lanka
|
||||||
|
25. Family Planning in
rural areas hampered mainly due to:
|
||||||
|
(a) Deficiency in
planning
|
||||||
|
(b) Lack of knowledge
|
||||||
|
(c) Psychological and
Social Orthodoxy
|
||||||
|
Economics 5
|
||||||
|
(d) Non-availability of
devices
|
||||||
|
26. Both-way trade
between two countries is also known
|
||||||
|
as:
|
||||||
|
(a) Government
Expenditure
|
||||||
|
(b) Fiscal Revenue
|
||||||
|
(c) Volume of Trade
|
||||||
|
(d) Terms of Trade
|
||||||
|
27. Trade by exchange of
Commodities is called:
|
||||||
|
(a) International
Trade (b) Foreign Exchange
|
||||||
|
(c) Line of Credit (d)
Barter Trade
|
||||||
|
28. Tax on a Commodity
according to its volume
|
||||||
|
is:
|
||||||
|
(a) Real tax (b)
Direct Tax
|
||||||
|
(c) Indirect Tax (d)
Ad Valorem Tax
|
||||||
|
29. Who is the first Tax
Mohtasib of Pakistan?
|
||||||
|
(a) Justice (R) Saleem
Kazmi
|
||||||
|
(b) Justice (R) Allah
Nawaz
|
||||||
|
(c) Justice (R) Ijaz
Nisar
|
||||||
|
(d) Justice (R) Saleem
Akhtar
|
||||||
|
30. Safety stock of
grains held by the government is:
|
||||||
|
(a) Surplus stock (b)
Overhead stock
|
||||||
|
(c) Buffer stock (d)
Overall stock
|
||||||
|
31. The lowest price
below which a thing will not be sold is
|
||||||
|
called its:
|
||||||
|
(a) Floor price (b)
Ceiling price
|
||||||
|
(c) Real price (d)
Average price
|
||||||
|
32. When no tariffs are
imposed on exports and imports, it is
|
||||||
|
called:
|
||||||
|
(a) Two way trade (b)
Exchange trade
|
||||||
|
(c) Free trade (d)
Selective trade
|
||||||
|
33. An economy when
private and government enterprises both
|
||||||
|
operates, is:
|
||||||
|
(a) Free economy (b)
Closed economy
|
||||||
|
(c) Joint economy (d)
Mixed economy
|
||||||
|
6 General Knowledge –
MCQs
|
||||||
|
34. Agreement between two
countries is:
|
||||||
|
(a)Multi lateral agreement
(b) Bilateral agreement
|
||||||
|
(c) Single agreement (d)
Special agreement
|
||||||
|
35. Family Planning
Programme was started in Pakistan in:
|
||||||
|
(a) 1952 (b)
1955
|
||||||
|
(c) 1957 (d)
1959
|
||||||
|
36. What percentage of
population in Pakistan is under the age
|
||||||
|
of 15?
|
||||||
|
(a) 38% (b)
40%
|
||||||
|
(c) 45% (d)
50%
|
||||||
|
37. A free port is the
port where:
|
||||||
|
(a) Less duties are paid
|
||||||
|
(b) No duties and no
restrictions
|
||||||
|
(c) Selective duties are
paid
|
||||||
|
(d) Restrictions on
imports but not on exports
|
||||||
|
38. Which country has
maximum foreign project investments in
|
||||||
|
Pakistan?
|
||||||
|
(a) USA (b)
U.K
|
||||||
|
(c)China (d) Japan
|
||||||
|
39. What do you
understand by the term "Kerb" in foreign
|
||||||
|
currency dealings:
|
||||||
|
(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
|
||||||
|
40. Financial year of USA
starts from:
|
||||||
|
(a) 1st January (b)
1st March
|
||||||
|
(c) 1st July (d)
1st April
|
||||||
|
41. In the budget
2001-2002, the government has decided to
|
||||||
|
wind-up one of the following privilege of the new employees:
|
||||||
|
(a) House rent (b)
Benevolent fund
|
||||||
|
(c) Pension (d)
None of the above
|
||||||
|
Economics 7
|
||||||
|
42. In the budget 2001-2002,
the largest sector of current
|
||||||
|
expenditure is allocated on:
|
||||||
|
(a) Defence
|
||||||
|
(b) Subsidies
|
||||||
|
(c) Running of civil
government
|
||||||
|
(d) Debt servicing
|
||||||
|
43. In the budget 2001,
2002, what amount the government has
|
||||||
|
allocated to undertake new water projects in the country:
|
||||||
|
(a) Rs. 2 billion (b)
Rs. 4 billion
|
||||||
|
(c) Rs. 5 billion (d)
Rs. 3 billion
|
||||||
|
44. General Sales Tax, under the constitution 1973
|
||||||
|
is a:
|
||||||
|
(a) Federal Subject (b)
Provincial Subject
|
||||||
|
(c) Concurrent
subject (d) None of the above one
|
||||||
|
45. Which of the
following country will provide financial aid for
|
||||||
|
the construction of Gwadar Port and Makran Coastal
|
||||||
|
highway in Balochistan?
|
||||||
|
(a)China (b) Canada
|
||||||
|
(c) USA (d)
Russia
|
||||||
|
46. The world's most
Powerful super computer is called:
|
||||||
|
(a) ASCI White (b)
ASCI Red
|
||||||
|
(c) ASCI Pink (d)
None of the above
|
||||||
|
47. The outflow of the
best and brightest students from
|
||||||
|
developing countries is called:
|
||||||
|
(a) Migration of
intellectual
|
||||||
|
(b) Shift of Brain
|
||||||
|
(c) Brain drain
|
||||||
|
(d) Transfer of mind
|
||||||
|
48. Which five year plan
of Pakistan is yet to be implemented?
|
||||||
|
(a)7th (b)8th
|
||||||
|
(c)9th (d) 10th
|
||||||
|
49. The per capita income
of Pakistan is approximately:
|
||||||
|
(a) 350 US Dollars (b)
408 US Dollars
|
||||||
|
(c) 483 US Dollars (d)
503 US Dollars
|
||||||
|
8 General Knowledge –
MCQs
|
||||||
|
50. Which province has
the highest literacy rate?
|
||||||
|
(a) N.W.F.P. (b)
Balochistan
(c) Punjab
(d) Sindh
Answers.
|
27 Feb 2015
Economics Mcqs Set 2
20:26
Economics Mcqs
