MCQ's

Most of our exports consist of: *

Cotton Product

Machinery

Sport Goods

Both a and b

Which sector is the major source of tax revenues for the government *

agriculture

Industries

services

manufacturing

The main sectors of Pakistan Economy are *

agriculture, industry and manufacturing

agriculture, industry and transport

agriculture, education and industry

agriculture, industry and services

Economic development is measured on the basis of *

increase in nominal GNP

increase in real GNP

increase in personal

increase in government

The agriculture sector contributes to the country's Gross Domestic Product (GDP) *

19.30%

21.30%

23.30%

25.30%

Agriculture is largest sector of Pakistan's economy, employing *

Three half of its labour force and producting two quarters of its GDP

Half of its labour force and producing one quareter of its GDP

Half of its labour force and half of its GDP

All of the above

Which of the following groups is likely to be hurt MOST by inflation? *

Government workers on salary

Retired persons

Families borrowing money for new homes

All of the above

Last year, Zahid earned Rs. 40000/- this year, their income is Rs. 42000/- In an economy with an inflation rate of 8%, which one would be true? *

Zahid money income & real income have both gone up

Zahid money income & real income have both fallen

Zahid money income has fallen, though their income has increased

Zahid real income has fallen, though their money income has increased

Kharif crops include: *

Wheat

Cotton

Both of these

None of these

Which of the following is the best definition of inflation: *

A reflection of the current value of money

The ration of the current value of money now and the value during some base year of comparison

A measurable upward shift in the price of any commodity

A general upward movement in the average prices of most of goods and services

Frictional unemployment is the result of: *

Advancement in technology

Backward technology

Lack of mobility of labour

Recession in economy

Which one of the following unemployment not be helpful in reducing cyclical unemployment? *

Increase in rate of direct tax

Low rate of interest

Increase in government expenditure

None of the above

SMEDA has established on October 1998, its broad objectives are: *

Support Services to SME's

Generate massive employment

Drive industrial growth towards value added exports

All of the above

Which one of the following is not the cause of Cost-push inflation? *

Increase in wages

Increase in money supply

Increase in utility rates

Increase in price imports

Full employment refers to the situation where: *

All the labour in the country is infact employed

Unemployment reaches to zero

Natural rate of unemployment always exists

All of the above

When we reduce the level of unemployment, the effect may be: *

Deflation

Inflation

Depression

Recession

Who gains in inflation *

Creditors

Debtors

Consumers

Wage earners

Inflation can be controlled by: *

Decreasing government expenditure

Controlling money supply

Increasing rates of interest

All of the above