12th Class Economics MCQS
Which is the basic economic problem which is common in all economic systems
Elimination of inflation
To reduce taxation
Allocation of scarce resources
To increase exports
In a country like Pakistan
All economic decision are made through markets
There is reliance on market
There is no planning
Govt owns most of some planning by the govt.
Balance of payments of a country has parts.
5
2
4
3
Public expenditure on health as percentage of GDP IS
More than 3 %
More than 1 but less than 2%
Less then 1%
More than 2 but less than 3%
Paper money is called fiat money because
It is convertible into gold
It can be easily printed
It is issued with authority of government
It is light weight
Who is the largest figure.
PI
DPI
NNP
GNP
Base year of Paksitan for national accounting is
2005-06
1996-96
1985-86
2015-16
Pakistan has a banking system
Inefficient
Very unorganised
Undeveloped
Developed
Modern theory of international trade is based on the views of
Saleem and Kareem
Heckcsher and Ohlin
Adam Smith and Marshall
Robbins and Ricardo
Commercial banks are able to create money by
Making loans
Printing money
Selling government bonds
Moral suasion
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