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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