12th Class Economics MCQS
A skilled worker is an example of
An entrepreneur
The labour input
Scarcity
a and c above
If a countrys growth rate were 5% it means there would be 5% increase in
Industrial output
Retail price index
Government revenue
Goods and services produced
If MPC = 0.75 and national income Rs.400 national consumption will be equal to
400/0.75
400 – 0.75
400 + 0.75
400 x 0.75
Which is true about amount of taxes collected in Pakistan
Direct taxes are more than indirect taxes.
Provincial taxes are more than federal
Indirect taxes are more than direct taxes
Provincial govts share taxes with federal govt
Govt. taxation and spending policies are called
Finance policy
Monetary policy
Commercial policy
Fiscal policy
Term of trade of a country show
Ratio of prices of exports and imports
Ratio of goods exported and imported
A and C of above
Ratio of import duties
The theory explaining trade between two countries is called.
Comparative disadvantage theory
Comparative bargain
Comparative trade
Comparative returns
The banks can given loans
unlimited
More then deposite
Less then deposite
equal to deposits
In capitalism there is sovereignty of
Businessmen
Consumer
Government
Producer
The largest item in our import list is
Computers
Machinery
Petroleum
Consumer goods
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