Pakistan Economy - Quiz

A free port is the port where:

  • ALess duties are paid
  • BNo duties and no restrictions
  • CSelective duties are paid
  • DRestrictions on imports but not on exports

In which Division of Punjab, the ratio of females in population is 10% more than males?

  • AMultan
  • BD.G. Khan
  • CGujranwala
  • DLahore

Which of the following statement is false?

  • AEconomic development is a process whereby an economy real national income increases over a long period of time
  • BEconomic development is measured by the rate of population increases
  • CAs a result of economic development of a country, the share of industrial sector in the national income increases
  • DPer capita income is a better measure of economic development than the national income.

The declaration by a court of law that a company or individual is insolvent, ie, it cannot pay its debts on the due dates is known as

  • ABankruptey
  • BPenury
  • CBoth of the above
  • DNone of the above

Privately owned banks operating cheque current accounts, receiving deposits, taking in and paying out notes and coins and making loans are generally called

  • ACentral Banks
  • BCommercial Banks
  • CState Banks
  • DAll of the above

Which of the following is referred to as international. currency because it is regarded as acceptable for the settlement of international debts?

  • AYen
  • BDollar
  • CRupee
  • DDinar

The desire for a particular good or service supported by the possession of the necessary means of exchange to effect ownership is called:

  • ASupply
  • BDemand
  • CLoss
  • DIncentive

A non-negotiable order of a bank to a foreign bank authorizing payment to a person designated of a particular sum of money is known as:

  • ALetter of Credit
  • BCircular Letter of Credit
  • CLetter of Reference
  • DNone of the above

The first volume of Karl Marx's greatest work Das kapital. was published in 1887. The next two volumes were published posthumously. Who edited those volumes?

  • AAdam Smith
  • BThomas Malthus
  • CFriendrich Engles
  • DJosphe Stalin

The net profit after depreciation as a percentage of average capital employed in a business is known as:

  • ARate of Substitution
  • BRate of Interest
  • CRate of Return
  • DNone of the above

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