12th Class Economics MCQS
Which is a flow concept
number of my shirts
my monthly income
money supply
my total wealth
GNP is always
Any of a b and c
Less than NNP
Greater than NNP
Equal to NNP
It is direct tax
Sales tax
Custom duty
Excise tax
Income tax
A country that does not trade with other countries is called an economy
Closed
None
Independent
Open
The equation of exchanges PT=MV was given by
Crowther
Fisher
Keynes
Kuznet
Every country establishes central bank to
Give loans to businessmen
A and B of above
Supervise commercial banks
Issue notes
Choose the causes of disequilibrium
Unrestricted imports needs
Limited export capacity
Both a and b
None of these
Devaluation of currency can help to increase exports if elasticity of demand of exportable items in the countries is.
equal to one
zero
Less than one
grether than one
Banks discount it and advance loans
Bill of exchange
Gold
Draft
Pay order
If a country decreases the external value of its currency it will affect
General price lavel
All of the above
Volume of imports
Volume of expoerts
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