12th Class Economics MCQS
The most important source of income of a government is
Taxes
Foreign loans
Printing of new money
Sales of government property
Inflation is a situation when
Prices of some goods rise
General price level rises continuously
Prices double every year
Prices rise and fall
Ten-rupee note is
credit money
token money
a and c of above
legal money
In order to reduce consumer borrowing this is raised
The exchange rate
Interest rate
Government spending
Commercial bank deposits
The most important body to collect taxes in Pakistan is
State bank
District govts.
Ministry of finance
FBR
Which is most likely to cause a more even distribution of income
An increase in managers salaries
An increase in indirect taxes
An increase in progressive taxation
An increase in the rate of inflation
It helps countries to meet deficit in balance of payments
IMF
World bank
UNO
WTO
Base year of Pakistan for national accounting is
2009-2010
1979-1980
1989-1990
1999-2000
In past decades Pakistan increased its GDP yet living standard of majority has not risen the most important cause of this situation is
Increased population
Increased imports
Increased education
Increased govt. expenditure
To facilitate foreign trade Pakistan has established in different cities
Private ports
Regional ports
Inland ports
Dry ports
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