MCQMCQ ONLINE ECONOMICS TEST NO.01 by userNovember 17, 2016January 11, 202300 Share MCQ ONLINE ECONOMICS TEST NO.01 1 General Knowledge - ECONOMICS TEST NO.01 General Knowledge - ECONOMICS TEST NO.01 1 / 46 In the budget 2001, 2002, what amount the government has allocated to undertake new water projects in the country: Rs. 2 billion Rs. 3 billion Rs. 5 billion Rs. 4 billion 2 / 46 The Islamic Development Bank would provide half a billion US dollars in Capital to create Private Pan Islamic Bank Refugees Rehabilitation Fund International Islamic Foundation for Science and Technology None of the above 3 / 46 Cash crop is the crop Which is grown after taking Cash loan from Banks Which gives high profit to the farmers Which is grown only for sale NONE 4 / 46 Which of the following country will provide financial aid for the construction of Gwadar Port and Makran Coastal highway in Balochistan? USA Canada Russia China 5 / 46 The regulations of World Trade Organization (WTO) shall be enforced from 1-Jan-03 1-Jan-05 1-Jan-02 1-Jul-04 6 / 46 The lowest number of people living below the poverty line among the SAARC Countries are in Nepal Sri Lanka Bangladesh Pakistan 7 / 46 Which one among the following statements is truly explain the `Laissez Faire' theory There should be fair distribution of wealth in the society None State should refrain from all intervention in economic affairs State should manage every field of economic activities for the benefit of the public 8 / 46 A free port is the port where Less duties are paid Selective duties are paid Restrictions on imports but not on exports No duties and no restrictions 9 / 46 Difference between a countrys exports and imports is Volume of Trade Trade Deficit Trade Surplus Trade Balance 10 / 46 What do you understand by the term "Kerb" in foreign currency dealings: The exchange rate of currencies in the open market None The exchange rate of currencies determined by the State Bank of Pakistan (a) All sort of Monetary dealings in foreign currencies within the stock exchange 11 / 46 The first “World Population Conference” under the United Nations was held in 1975 at Ankara Bucharest Kampala Nairobi 12 / 46 Trade by exchange of Commodities is called Foreign Exchange Barter Trade Line of Credit International Trade 13 / 46 Financial year of USA starts from 1st March 1st July 1st January 1st April 14 / 46 When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called: Laissez faire all Free Trade zone Liberal Trade region 15 / 46 Which country has maximum foreign project investments in Pakistan Japan China U.K USA 16 / 46 Which of the following statement is not true 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 The World Bank has to affiliates, the International Development Association and the International Finance Corporation. The membership of the IMF is the principal condition for membership of the World Bank 17 / 46 Dow Jones index' is the scale For measuring Industrial profit in a year NONE For measuring the average share price of leading Japanese companies For measuring the average share price of major US industrial companies 18 / 46 In the budget 2001-2002, the largest sector of current expenditure is allocated on Running of civil government Subsidies Debt servicing Defence 19 / 46 Which five year plan of Pakistan is yet to be implemented 7th 9th 8th 10th 20 / 46 An economy when private and government enterprises both operates, is Mixed economy Joint economy Free economy Closed economy 21 / 46 Family Planning in rural areas hampered mainly due to Non-availability of devices Deficiency in planning Psychological and Social Orthodoxy Lack of knowledge 22 / 46 The biggest market of Pakistani Imports is USA Russia Japan U.K 23 / 46 The outflow of the best and brightest students from developing countries is called Migration of intellectual Transfer of mind Brain drain Shift of Brain 24 / 46 When no tariffs are imposed on exports and imports, it is called Free trade Selective trade Exchange trade Two way trade 25 / 46 The world's most Powerful super computer is called ASCI White ASCI Pink None ASCI Red 26 / 46 The per capita income of Pakistan is approximately 503 US Dollars 350 US Dollars 408 US Dollars 483 US Dollars 27 / 46 Family Planning Programme was started in Pakistan in: 1957 1959 1955 1952 28 / 46 Pinpoint the main objectives of World Trade Organization (WTO): Fix a quota for each member country trading in International Market To secure Third World markets for American and European goods To eliminate quota system and promote free competition in trade To abolish completely custom duties on items of trade within member countries 29 / 46 The number of family welfare centres in Punjab are 560 940 1230 1503 30 / 46 The domestic production of crude oil in the country is approximately (per day) 65,200 Barrels 57,700 Barrels 44,300 Barrels 70,000 Barrels 31 / 46 Embargoes are designed to None Restrict trade of drugs Promote trade of prohibited goods Restrict trade of particular commodities 32 / 46 Pakistan’s domestic demand for petroleum products in growing annually with the percentage of 15 percent 3 percent 5 percent 8 percent 33 / 46 Safety stock of grains held by the government is: Buffer stock Surplus stock Overhead stock Overall stock 34 / 46 Who is the first Tax Mohtasib of Pakistan Justice (R) Saleem Akhtar Justice (R) Allah Nawaz Justice (R) Ijaz Nisar Justice (R) Saleem Kazmi 35 / 46 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 Revolution Devaluation Inflation Deflation 36 / 46 In the budget 2001-2002, the government has decided to wind-up one of the following privilege of the new employees House rent None Benevolent fund Pension 37 / 46 The lowest price below which a thing will not be sold is called its Average price Floor price Ceiling price Real price 38 / 46 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 General Domestic Production Gross Home Products Gross Domestic Product Gross National Product 39 / 46 Agreement between two countries is Single agreement Bilateral agreement Special agreement Multi lateral agreement 40 / 46 The Women’s Division was created in the Federal Government in January 1974 1981 1977 1979 41 / 46 The Balance of payment is understood as The balance of amount after paying debt None of the above The balance of income and expenditure in the annual budget The balance between a nation's expenditure on imports and its receipts from exports. 42 / 46 Identify the main functions of IMF: To provide loans to the members of UNO for development of Industrial infra structure To make foreign exchange resources available for those countries facing balance of payments difficulties None of the above To make foreign exchange resources available for those countries that want to import essential items of food 43 / 46 Which province has the highest literacy rate Punjab N.W.F.P Sindh Balochistan 44 / 46 Both-way trade between two countries is also known as Terms of Trade Volume of Trade Fiscal Revenue Government Expenditure 45 / 46 The United Nations celebrated “International Year of Shelter for the Homeless” in 1992 1985 1990 1987 46 / 46 What percentage of population in Pakistan is under the age of 15 38% 45% 50% 40% Your score is The average score is 30% LinkedIn Facebook Twitter VKontakte 0% Restart quiz B.Ed & M.Ed [MCQ's] GENERAL KNOWLEDGE [MCQ's] Grade / Class 10 [MCQ's] Grade / Class 9 [MCQ's]
