12th Class Economics MCQS Set 9

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12th Class Economics MCQS


The following is not a ban k liability
Demand deposit
Saving deposit
Time deposit
loans

Dumping refers to
Buying goods at low prices abroad and selling at higher prices locally
Expensive goods selling for low prices
Reducing tariffs
Sale of goods abroad at low a price, below their cost and price in home market

Which of the following would increase national income
Increase in savings
Increase in taxation
Decrease in consumption spending
Increase in govt. in govt. spending

Consumption is a function of
Income
Saving
None
Investment

If TOYOTA company establishes a factory in Pakistan this will be recorded in balance of payments in the section.
Capital account
Visible balance
Official financing
Invisible balance

40% of income of federal government is obtained from
Income tax
Import tax
Excise tax
Property tax

Pakistan export these goods.
ready-made garments computers rice
rice leather productstractors
cotton yam, fish,rice
readymade garmentsedible oilrice

How many subfeature of less imports
5
4
6
3

These are heads of expenditure of the government EXCEPT
Defence
Improve transport and communication
Provide cosmetics
Provide social services

Which of the following is an example of primary production
Farmer growing wheat
Opening of a new school
Housewife bakes a cake
Production of a computer

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