Economics of Pakistan MCQS Solved Past Papers pdf download online B.Com Part-2 Past Papers
1.Major sector which contributed to GDP of Pakistan at the time of independence.
A. Industrial Sector
B. Agricultural Sector
C. Both Sectors
D. None of them
ANSWER: B
2.In 1972, Pakistani rupee was devalued by.
A. 110 %
B. 120 %
C. 131 %
D. 138 %
ANSWER: C
3.Success of sowing seeds depends on.
A. Fertile of land
B. Irrigation
C. Both of them
D. None of them
ANSWER: C
4.Procurement prices are announced by Govt. for.
A. Basic inputs
B. Farms produce
C. Technological package
D. None of them
ANSWER: B
5.The ratio of disguised unemployment is high in.
A. Agricultural Sector
B. Industrial Sector
C. Both Sectors
D. None of them
ANSWER: A
6.Open market prices are determined by the interaction of.
A. Demand and supply of product
B. Demand and prices of product
C. Both above
D. None of them
ANSWER: A
7.The use of harvesters and threshers may save.
A. Capital
B. Interest
C. Both above
D. Labour time
ANSWER: D
8.Due to green revolution in Pakistan employment.
A. Increased
B. Decreased
C. Remains constant
D. None of them
ANSWER: A
9.Agricultural credit is a part of.
A. Pricing policy
B. Rural credit
C. Both above
D. None of them
ANSWER: B
10.The tax whose incidence can not be shifted to the consumer is called.
A. Proportional tax
B. Indirect tax
C. Progressive tax
D. Direct tax
ANSWER: D
11.The effects of initial industrial policy on agricultural sector were.
A. Positive
B. Negative
C. Remarkable
D. None of these
ANSWER: A
12.Depreciation of domestic currency in terms of foreign currency is called.
A. Stagflation
B. Reflation
C. Deflation
D. Devaluation
ANSWER: D
13.Islamization means the removal of.
A. Discount rate
B. Interest rate
C. None of them
D. Both of them
ANSWER: B
14.In balance of trade following items are included.
A. Invisible items
B. Services
C. Visible items
D. None of them
ANSWER: C
15.Structural change deficit can be removed by.
A. Increasing production
B. Decreasing expenditure
C. None of them
D. Both f them
ANSWER: B
16.Increase in production and consumption by each person is called.
A. Economic growth
B. Economic development
C. Capital formation
D. None of these
ANSWER: B
17.W.W. Rostow has stated stages of economic growth.
A. Two
B. Three
C. Four
D. Five
ANSWER: D
18.Agricultural sector represents the activities which are related to.
A. Farming
B. Non farming
C. Both of them
D. None of them
ANSWER: A
Support prices are introduced to ensure the farmer’s.
A. Income
B. Farmer’s output
C. Both of hem
D. None of them
ANSWER: A
19.Support price policy means the guaranted prices for.
A. Farms machinery
B. Farms output
C. Both of them
D. None of them
ANSWER: B
20.Agricultural credit is part of.
A. Rural credit
B. Pricing policy
C. Both of them
D. None of them
ANSWER: A
21.In Pakistan, agricultural markets are.
A. Imperfect
B. Unorganized
C. Both above
D. None of them
ANSWER: C
22.The short term agricultural credit ranges up to.
A. 4 years
B. 3 yaers
C. 2 years
D. 1 year
ANSWER: D
23.Textile sector is.
A. Labour oriented
B. Technology oriented
C. Both above
D. None of them
ANSWER: B
24.Inflow of foreign exchange earnings are placed on.
A. Credit side
B. Debit side
C. Both above
D. None of them
ANSWER: A
25.When world prices are higher than domestic prices, there is an incentive to.
A. Exports
B. Imports
C. Both above
D. None of them
ANSWER: A
26.To remove the deficit in balance of payment, the Govt. should restrict.
A. Exports
B. Imports
C. Both above
D. None of them
ANSWER: B
27.State bank of pakistan performs duty of.
A. Clearing house
B. Lender of last resort
C. None of them
D. Both of them
ANSWER: D
28.Govt. budget affects the key
Micro enonomic variable
Macro economic variable
Both above
None of them
Ans: (B)
29.Human development index includes.
A. Health index
B. Income index
C. Education index
D. All above
ANSWER: D
30.Natural calamities badly affect.
A. Agricultural product
B. Industrial product
C. Both above
D. None of them
ANSWER: A