Economy of World MCQs Quesions

Here we share most important MCQs Questions about Economy of World. it’s a very important topic of General Knowledge. one or two questions is must be mention about our economy.

 The Balance of payment is understood as?

(A)) The balance of amount after paying the debt
(B) The balance of income and expenditure in the annual budget
(C) The balance between a nation’s expenditure on imports and its receipts from exports.
(D) None of the above

2. Pinpoint the main objectives of the World Trade Organization (WTO)?

(A)) Fix a quota for each member country trading in International Market
(B) To eliminate quota system and promote free competition in trade.
(C) To secure Third World markets for American and European goods
(D) To abolish completely custom duties on items of trade within member countries

The number of family welfare centres in Punjab are?

(A)) 560
(B) 940
(C) 1230
(D) 1503

Which of the following statement is not true?
(A)) The World Bank has to affiliates, the International Development Association and the International Finance Corporation.
(B) The membership of the IMF is the principal condition for membership of the World Bank.
(C) The World Bank provides loans to such countries whose balance of payments condition is not favourable
(D) The World Bank finance all kinds of capital infrastructure such as roads and railways, telecommunications, seaports and power facilities in the developing countries.

5. Identify the main functions of IMF?
(A)) To provide loans to the members of UNO for the development of Industrial infra structure
(B) To make foreign exchange resources available for those countries that want to import essential items of food
(C) To make foreign exchange resources available for those countries facing balance of payments difficulties
(D) None of the above

6. The United Nations celebrated “International Year of Shelter for the Homeless” in?

(A)) 1985
(B) 1987
(C) 1990
(D) 1992

7. The Islamic Development Bank would provide half a billion US dollars in Capital to create–
(A)) Private Pan Islamic Bank
(B) International Islamic Foundation for Science and Technology
(C) Refugees Rehabilitation Fund
(D) None of the above

8. The domestic production of crude oil in the country is approximately (per day)

(A)) 44,300 Barrels
(B) 57,700 Barrels
(C) 65,200 Barrels
(D) 70,000 Barrels

9. The regulations of World Trade Organization (WTO) shall be enforced from?

(A)) 1 January 2002
(B) 1 January 2003
(C) 1 July 2004
(D) 1 January 2005

The biggest market of Pakistani exports is?

(A)) France
(B) Saudi Arabia
(C) U.S.A
(D) U.K.

The biggest market of Pakistani Imports is?
(A)) USA
(B) U.K.
(C) Russia
(D) Japan

The Government has reduced the rate of profit on National Saving Schemes primarily for the reason of?
(A)) Enhancing the level of saving rate

(B) Discouraging the blockage of money in such schemes
(C) To encourage the investors to invest their capital in active business ventures
(D) To bridge the gap between their profit rate and Bank’s mark up rate on loans

13. Pakistan’s domestic demand for petroleum products in growing annually with the percentage of?

(A)) 3 percent
(B) 5 percent
(C) 8 percent
(D) 15 percent

14. The Women’s Division was created in the Federal Government in January?

(A)) 1974
(B) 1977
(C) 1979
(D) 1981

The first “World Population Conference” under the United Nations was held in 1975 at?

(A)) Kampala
(B) Bucharest
(C) Nairobi
(D) Ankara

Difference between a countrys exports and imports is?

(B) Trade Deficit
(C) Trade Surplus
(D) Volume of Trade

Cash crop is the crop?

(A)) Which gives high profit to the farmers
(B) Which Trade Balance is grown only for sale

(C) Which is grown after taking Cash loan from Banks
(D) None of the above one

18. The lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called?

(A)) Devaluation
(B) Revolution
(C) Inflation
(D) Deflation

19. The value of the output of all goods and services produced within a nation’s borders, normally given as a total for the year. It thus includes the production of foreign-owned firms within the country, but excludes the income from domestically owned firms located abroad, is called?

(A)) Gross National Product
(B) Gross Home Products
(C) Gross Domestic Product
(D) General Domestic Production

20. Dow Jones index’ is the scale?

(A)) For measuring Industrial profit in a year
(B) For measuring the average share price of leading Japanese companies
(C) For measuring the average share price of major US industrial companies
(D) None of the above

Embargoes are designed to?

(A)) Promote trade of prohibited goods
(B) Restrict trade of particular commodities
(C) Restrict trade of drugs
(D) None of the above

When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called?

(A)) Laissez-faire
(B) Liberal Trade region
(C) Free Trade zone
(D) All of the above one

Which one among the following statements truly explains the `Laissez Faire’ theory?
(A)) The state should refrain from all intervention in economic affairs
(B) State should manage every field of economic activities for the benefit of the public
(C) There should be a fair distribution of wealth in the society
(D) None of the above one

The lowest number of people living below the poverty line among the SAARC Countries are in?
(A)) Bangladesh
(B) Pakistan
(C) Nepal
(D) Sri Lanka

Family Planning in rural areas hampered mainly due to?
(A)) Deficiency in planning
(B) Lack of knowledge
(C) Psychological and Social Orthodoxy
(D) Non-availability of devices

Both-way trade between two countries is also known as?

(A)) Government Expenditure
(B) Fiscal Revenue
(C) Volume of Trade
(D) Terms of Trade

Trade by exchange of Commodities is called?

(A)) International Trade
(B) Foreign Exchange
(C) Line of Credit
(D) Barter Trade

Tax on a Commodity according to its volume is?

(A)) Real tax
(B) Direct Tax
(C) Indirect Tax
(D) Ad Valorem Tax

Who is the first Tax Mohtasib of Pakistan?
(A)) Justice (R) Saleem Kazmi
(B) Justice (R) Allah Nawaz
(C) Justice (R) Ijaz Nisar
(D) Justice (R) Saleem Akhtar

Safety stock of grains held by the government is?

(A)) Surplus stock
(B) Overhead stock
(C) Buffer stock
(D) Overall stock

The lowest price below which a thing will not be sold is called its?

(A)) Floor price
(B) Ceiling price
(C) Real price
(D) Average price

When no tariffs are imposed on exports and imports, it is called?
(A)) Two-way trade
(B) Exchange trade
(C) Free trade
(D) Selective trade

An economy when private and government enterprises both operates, is?
(A)) Free economy
(B) Closed economy
(C) Joint economy
(D) Mixed economy

Agreement between two countries is?

(A)) Multi lateral agreement
(B) Bilateral agreement
(C) Single agreement
(D) Special agreement

 Family Planning Programme was started in Pakistan in?

(A)) 1952
(B) 1955
(C) 1957
(D) 1959

What percentage of population in Pakistan is under the age of 15?
(A)) 38%
(B) 40%
(C) 45%
(D) 50%

 A free port is the port where?

(A)) Less duties are paid
(B) No duties and no restrictions
(C) Selective duties are paid
(D) Restrictions on imports but not on exports

38. Which country has maximum foreign project investments in Pakistan?
(A)) USA
(B) U.K
(C) China
(D) Japan

What do you understand by the term “Kerb” in foreign currency dealings?

(A)) The exchange rate of currencies in the open market
(B) The exchange rate of currencies determined by the State Bank of Pakistan
(C) All sort of Monetary dealings in foreign currencies within the stock exchange
(D) None of the above one

 Financial year of USA starts from?

(A)) 1st January
(B) 1st March
(C) 1st July
(D) 1st April

In the budget 2001-2002, the government has decided to wind-up one of the following privileges of the new employees?
(A)) House rent
(B) Benevolent fund
(C) Pension
(D) None of the above

 In the budget 2001-2002, the largest sector of current expenditure is allocated on?

(A)) Defence
(B) Subsidies
(C) Running of civil government
(D) Debt servicing

 In the budget 2001, 2002, what amount the government has allocated to undertake new water projects in the country?

(A)) Rs. 2 billion
(B) Rs. 4 billion
(C) Rs. 5 billion
(D) Rs. 3 billion

General Sales Tax, under the constitution 1973 is a?

(A)) Federal Subject
(B) Provincial Subject
(C) Concurrent subject
(D) None of the above one

 Which of the following country will provide financial aid for the construction of Gwadar Port and Makran Coastal highway in Balochistan?
(A)) China
(B) Canada
(D) Russia

 The world’s most Powerful super computer is called?

(A)) ASCI White
(B) ASCI Red
(C) ASCI Pink
(D) None of the above

The outflow of the best and brightest students from developing countries is called?

(A)) Migration of intellectual
(B) Shift of Brain
(C) Brain drain
(D) Transfer of mind

48. Which five year plan of Pakistan is yet to be implemented?
(A)) 7th
(B) 8th
(C) 9th
(D) 10th

49. The per capita income of Pakistan is approximately?

(A)) 350 US Dollars
(B) 408 US Dollars
(C) 483 US Dollars
(D) 503 US Dollars8

50. Which province has the highest literacy rate?
(A)) N.W.F.P.
(B) Balochistan
(C) Punjab
(D) Sindh

51. According to a recent report of the International Labour Organization (ILO) the number of people in the World living on two dollars or less a day is?

(A)) 2 billion
(B) 3 billion
(C) 3.5 billion
(D) 4 billion

52. Pinpoint the source, through which the budgetary gap is financed in Pakistan?
(A)) External borrowing
(B) Domestic non-Bank borrowing
(C) Borrowing from to banking system
(D) All the above sources

53. If a country wants to achieve rapid rate of economic development, it must save at least?

(A)) 25% Gross National Products each year
(B) 30% Gross National Products each year
(C) 35% Gross National Products each year
(D) 40% Gross National Products each year

54. Identify the main reason of ‘deficit financing’ in Pakistan?
(A)) Low savings
(B) Rapid growth of Population
(C) Inadequate banking facilities
(D) All the above one

55. Pakistan’s domestic saving rate of GNP is?
(A)) 7%
(B) 9%
(C) 11%
(D) 14%

56. Which is the single largest component of the GDP of Pakistan?
(A)) Industry
(B) Agriculture
(C) Foreign remittances
(D) None of the above

57. Which of the following sector is the main source of foreign exchange earnings in Pakistan?
(A)) Industry
(B) Agriculture
(C) Both the above
(D) None of the above one

58. Identify the duration of the First five year plan of Pakistan?

(A)) 1948 – 52
(B) 1955 – 60
(C) 1960 – 65
(D) 1962 – 67

59. What is the share of wheat crop in total cropped area of Pakistan?
(A)) 18.05%
(B) 28.07%
(C) 37.01%
(D) 48.01%

60. The total area of Pakistan is 80 million hectares, out of which area under forests is?

(A)) 3.5%
(B) 4.8%
(C) 7.3%
(D) 9.3%

61. OPEC’s largest oil producing country is?

(A)) Kuwait
(B) Iran
(C) Saudi Arabia
(D) U.A.E

62. The Aid to Pakistan Consortium now renamed as?

(A)) IMF
(B) World Bank
(C) Assistance to Pakistan Forum
(D) Pakistan Development Forum

63. The ratio of males and females population of Pakistan is equal in?

(A)) Quetta
(B) Peshawar
(C) Lahore
(D) Rawalpindi

64. United Nations World Food Programme commenced its operation in Pakistan during?

(A)) 1963
(B) 1965
(C) 1968
(D) 1972

65. The country with the highest ratio of the urban population in South Asia is?

(A)) India
(B) Sri Lanka
(C) Pakistan
(D) Nepal

66. The Government of Pakistan has given certain incentives to farmers for growing black tea on an experimental basis?

(A)) Peshawar
(B) Mardan
(C) Mansehra
(D) D.G. Khan

67. In which of the following country, the population growth rate is lowest?
(A)) Japan
(B) India
(C) Sri Lanka
(D) Indonesia

68. In which of the following country, the population growth rate is lowest?
(A)) Pakistan
(B) China
(C) Indonesia
(D) Bangladesh

69. The largest population density is in?

(A)) Pakistan
(B) Bangladesh
(C) India
(D) Sri Lanka

70. The World’s population has now reached on?

(A)) 6 billion
(B) 8 billion
(C) 9 billion
(D) 10 billion

71. The study of science of population is called ?

(A)) Geography
(B) Demography
(C) Plutocracy
(D) Sociology

72. The 5th national census recorded the total population of Punjab with annual growth rate of ?

(A)) 47.292 million -2.51%
(B) 72.585 million -2.01%
(C) 73.585 million -2.61%
(D) 63.433 million -3.01%

73. The population growth rate in the country is?

(A)) 2.01%
(B) 2.61%
(C) 3.01%
(D) 3.61%

74. Identify the total percentage of the population in the country, having access to a safe and clean water supply.
(A)) 40%
(B) 52%
(C) 59%
(D) 68%

75. The population density in Punjab per square kilometre is approximate?
(A)) 353
(B) 480
(C) 590

76. Identify the member of the G-8 organization, which will provide 300 million US dollars to Pakistan in 1999 for certain development projects?
(A)) America
(B) the United Kingdom
(C) Germany
(D) Japan

77. In the total population of Pakistan, the percentage of income taxpayers is only?

(A)) 1.05%
(B) 1.75%
(C) 2.01%
(D) 3.4%

78. What do you understand by the term “deflation”?
(A)) Excess circulation of money, causing dearness of goods
(B) Increase in interest rates diverts money into savings and reduce the circulation of money causing prices to fall.
(C) Devaluation of local currency to the larger extent.
(D) Decline in remittances from abroad, causing economic hardships for the Government

79. The maximum number of persons populated in one square kilometre of the area is in?

(A)) Punjab
(B) Sindh
(C) N.W.F.P.
(D) Islamabad

80. The minimum number of persons populated in one square kilometre of the area is in?

(A)) Islamabad
(C) Balochistan
(D) N.W.F.P.

81. In the total population of Pakistan, the share of Punjab province is approximate?

(A)) 50%
(B) 55%
(C) 60%
(D) 62%

82. In the total population of Pakistan, the share of Balochistan is approximately ?

(A)) 3%
(B) 5%
(C) 7%
(D) 9%

83. Hydel power Stations of `WAPDA’ are generating electricity approximately?

(A)) 3500 mw
(B) 4250 MW
(C) 4880 mw
(D) 5200 mw12

84. The total demand of power (electricity) in the country at present is approximately?

(A)) 7000 mw
(B) 9000 mw
(C) 12000 mw
(D) 14000 mw

85. In which of the following districts, the government of Pakistan has given incentives package to farmers for growing black tea on an experimental basis?
(A)) Rawalpindi
(B) Mardan
(C) Mansehra
(D) Noshki

86. UNESCO required one country must spend at least one per cent of its GDP on Science and Technology but Pakistan is spending only?

(A)) 0.02%
(D) 0.05%
(C) 0.07%
(D) 0.08%

87. In which division of Punjab, the ratio of males and females is equal?
(A)) Bahawalpur
(B) Faislabad
(C) Lahore
(D) Rawalpindi

88. Which of the continents has the lowest population growth rate?
(A)) Asia
(B) Australia
(C) North America
(D) Europe

89. With the present population growth rate, Pakistan would become world’s 3rd most populated country by the year?

(A)) 2020
(B) 2025
(C) 2030
(D) 2050

90. In which Division of Punjab, the ratio of females in population is 10% more than males?
(A)) Multan
(B) D.G. Khan
(C) Gujranwala
(D) Lahore

91. Which is the most urbanized division of Punjab?
(A)) Multan
(B) Rawalpindi
(C) Sargodha
(D) Lahore

92. In the ten (10) most populated cities of Pakistan, Sialkot is on number?

(A)) Four
(B) Six

(C) Seven
(D) Nine

93. In the ten most populated cities of Pakistan, Rawalpindi is on number?

(A)) Three
(B) Four
(C) Five
(D) Six

94. Which region of Punjab is free from the water-logging Problem?
(A)) Gujranwala
(B) Lahore
(C) Rawalpindi
(D) Multan

95. What is the main reason of the flour crisis in the country?
(A)) Wheat sowing area has been replaced with sugar cane crop by the farmers.
(B) A large portion of wheat Crop has been damaged by pests.
(C) Smuggling of wheat flour to another country
(D) None of the above

96. Identify the length of the Islamabad-Peshawar section of the Motorway?

(A)) 96 km
(B) 133 km
(C) 144 km
(D) 154 km

97. Which Division of Punjab produces the maximum wheat crop?
(A)) Bahawalpur Division
(B) Faislabad Division
(C) Lahore Division
(D) Multan Division

98. “Rawal” and “Hajveri” are the two varieties of one of the following crops.

(A)) Rice
(B) Cotton
(C) Soyabean
(D) Wheat

 The share of the Cotton crop in the total cropped area of Punjab is approximate.

(A)) 16.0%
(B) 18.0%
(C) 25.0%
(D) 39.0%

Which division of Punjab Produces the maximum Sugarcane crop?

(a) Faisalabad (b) Bahawalpur (c) Gujranwala (d) Multan

 Out of total wheat production in Pakistan, Punjab contributes around ?

(A)) 65%
(B) 73%
(C) 79%
(D) 83%

102. The largest portion of saline area of land in Punjab is in?

(A)) Faisalabad Divisional
(B) D.G. Khan Division
(C) Multan Division
(D) Bahawalpur Division

103. The total area Pakistan has under forestation is estimated at?

(A)) 5,062 million acres
(B) 8,095 million acres
(C) 9,900 million acres
(D) 12,300 million acres

104. National income is the sum of?

(A)) Income of all the rich people of the country
(B) Income of all industrialists of the country
(C) Income of all the agriculturists in the country
(D) Income of all the people in the country during a year

105. G.D.P. (Gross Domestic Product) is the value of all goods and services?

(A)) Produced in the country with foreign resources during a year
(B) Produced within the geographical boundaries of a country during a year

(C) Produced by the factors belonging to the country working in or outside the country
(D) None of the above

106. G.N.P. (Gross National Product) is the total value of goods and services?

(A)) Produced in a country with domestic or foreign factors
(B) Produced by the factors belonging to the country working in or out of the country

(C) Produced by the factors belonging to the country working abroad
(D) None of the above

107. National income is essentially composed of?

(A)) Annual income of Central Government
(B) Total wealth of a Nation

(C) Income derived from taxes by the Central Government
(D) Annual income of citizens of a country

108. Which of the following of Punjab has the lowest population density?
(A)) Rajanpur
(B) Bahawalpur
(C) Layyah
(D) D.G. Khan

109. National income is essentially composed of?

(A)) All wealth of a nation
(B) Annual income of the central government

(C) All incomes of the people of the country in a year
(D) Income derived from taxes by the central government

110. The value of the vegetables a retired school teacher grows in his lawn is excluded from the calculation of national income because?

(A)) Retired person’s activities are not included in calculating national income
(B) The goods are not exchanged through the market mechanism

(C) It would involve double counting
(D) There is no way of imputing the value of such goods.

111. Which of the following activity will be considered as investment?
(A)) Construction of a new house
(B) Purchasing a newly floated share of a joint stock company
(C) Building a new factory
(D) All the above

Real national income increases if?

(A)) Volume of goods and services increases
(B) Prices of goods and services increase
(C) Consumer’s real income decrease
(D) None of the above one

Identity the false statement among the followings?

(A)) If prices rise, real income also rises
(B) In calculating national income, retirement pension are excluded

(C) Stock of goods not sold by the producer, is excluded from GNP

(D) None of the above one

Per capita income is?

(A)) Average income of the working class
(B) Average income of the people of a country during a year
(C) Average income of labourers only
(D) None of the above one

115. Which of the following is a real cause for low per capita income of Pakistan?
(A)) There is lack of Natural resources
(B) These is over-population
(C) Unfavourable climatic conditions
(D) All of the above

116. Economic development means?

(A)) Increase in agricultural production of a country
(B) Increase in mineral resources of the country
(C) Increase in real national income and standard of the living of the people of country
(D) Increase in consumption expenditure of the country

117. Which of the following statement is false?
(A)) Economic development is a process whereby an economy real national income increases over a long period of time
(B) Economic development is measured by the rate of population increases
(C) As a result of economic development of a country, the share of industrial sector in the national income increases
(D) Per capita income is a better measure of economic development than the national income

Which of the changes below is most likely to lead directly to an increase in the income growth rate?
(A)) An increase in wages
(B) An increase in interest rates
(C) An increase in the balance of payments deficit
(D) An increase in capital investment

Economic planning means?

(A)) Planning family size by limiting the number of children
(B) Making decisions as to what is to be produced, how when and where it is to be produced and to whom it is to be allocated on the basis of comprehensive survey of the economic system as a whole
(C) Planning to increase agricultural and industrial production
(D) None of the above

How much of GDP is spent on Agricultural Research in Pakistan?
(A)) 0.02 percent
(B) 0.6 percent
(C) 1.5 percent
(D) 1.9 percent

121. 11 July every year is being celebrated under United Nations as “World Population Day” since?

(A)) 1985
(B) 1987
(C) 1989
(D) 1991

122. The main reason why cheques can be regarded as money is that?

(A)) They are accepted by most people
(B) They act as receipts

(C) They can be written for any amount
(D) They can be sent safely by post

123. Of all methods of payment, the recognized legal tender is?

(A)) Cheques
(B) Bank notes/metalic coins
(C) Bills of exchange
(D) Promissory notes

124. Token coins are?

(A)) Not legal tender
(B) Valueless
(C) Worthless than the value of the metal they contain
(D) Worth more than the value of the metal they contain

125. Who issues one-rupee coin in Pakistan?
(A)) Government of Pakistan
(B) State Bank of Pakistan
(C) Both of the above
(D) None of the above

126. Who issue two-rupee note in Pakistan?
(A)) Government of Pakistan
(B) State Bank of Pakistan
(C) Both of the above
(D) None of the above

127. Who issue ten-rupee note in Pakistan?
(A)) Government of Pakistan
(B) State Bank of Pakistan
(C) Both of the above
(D) None of the above

128. Which of the following statement is true?
(A)) In barter system, goods are exchanged with goods
(B) Token money has its face value equal to the value of the metallic content
(C) One rupee note is convertible paper money
(D) Silver and gold full-bodied coins circulated these days.

129. Which of the following statement is true?
(A)) Only the person in whose favour a bearer cheque is written can cash this cheque
(B) Crossed cheque can be got cashed by any one

(C) Order cheque can be got cashed on identification
(D) If the money unit is not scarce, it ceases to be used as money.

130. Which of the following statement is false?
(A)) There is no difference in bearer and order cheque
(B) Payment of Bill of Exchange (sight) is made immediately

(C) Pakistan has a strong stock exchange market
(D) A cheque is a form of currency note

131. By value of money is meant?
(A)) Power of a good to command other things in exchange
(B) Power of money to command goods and services in exchange

(C) Power of a currency note to command coins in exchange
(D) Power of money to command foreign currency.

132. According to “Tausing”?

(A)) Double the quantity of money and other things, being equal, the prices will be twice as high as before and value of money one half
(B) Double the quantity of money and value of money will double
(C) Double the quantity of money and other things remaining the same the prices will be half of what they were before and value of money will be double as before
(D) None of the above

133. “Inflation” means that money?

(A)) Rises in value
(B) Falls in value
(C) Become scarce
(D) becomes larger in denomination

134. “Inflation” may be defined as?

(A)) Rapidly increasing prices in a certain sector or industry
(B) A temporary increases in the prices of several goods

135. Which of the following statement is true?
(A)) Devaluation causes an increase in the value of money
(B) Fixed income groups are benefited by increase in prices

(C) A decrease in production brings a decrease in the value of money
(D) None of the above

136. Which of the following groups is most likely to benefit from inflation?
(A)) Exporters
(B) Debtors
(C) Pensioners
(D) Creditors

137. Which of the following must be a result of inflation?
(A)) Higher interest rates
(B) A rise in the exchange rate

(C) An increase in the value of money
(D) A reduction in the value of money

138. Can money perform the following functions?
(A)) To compare the value of goods
(B) To act as medium of exchange

(C) Both of the above
(D) None of the above

139. Which of the following will be described as “cost push” inflation?
(A)) An increase in imported oil prices
(B) An increase in money supply
(C) An increase in unemployment allowances
(D) A reduction in income tax.

140. Which of the following statement is false?
(A)) Inflation brings an increase in production
(B) Inflation makes savings increase
(C) The main cause of inflation in Pakistan is deficit financing and excessive increase in money supply
(D) None of the above

141. Will the following benefit in real terms during a period of high and rising inflation?

(A)) Someone who hoards money
(B) Someone whose income comes from securities with a fixed rate of interest
(C) Some one who owes money and is repaying the debt
(D) None of the above

Which one of the following is not a function of a commercial bank?
(A)) Acting as banker to the state
(B) Managing government borrowings
(C) Controlling the money supply

(D) All of the above

144. The World’s most populous city?

(A)) Mexico
(B) Beijing
(C) Kolcatta
(D) Tokyo

145. In Asia, the highest density of population (5516 persons per sq. km.) was recorded in?

(A)) Singapore
(B) Bangladesh
(C) India
(D) North Korea

146. Which of the following is regarded as a liability by choosing banks?
(A)) Overdrafts
(B) Personal loans
(C) Money at call
(D) Deposits of customers

147. Which of the following policies would be most appropriate for the State Bank of Pakistan to follow if it wished to make it more difficult for the commercial banks to grant loans?
(A)) Buying long-term securities in the open market
(B) Raise the percentage of special deposits required
(C) Reduce the liquidity ratio
(D) Borrow through treasury bills rather than long term bonds

148. Which of the following items in the balance of payments accounts are invisible?
(A)) Aviation
(B) Tourism
(C) Interest, profits and dividends
(D) All of the above

149. “Free Trade” means?

(A)) No restriction on the movement of goods from one part of the country to the other
(B) No ban on the import or export of a commodity between countries
(C) Goods exchange between countries with out any currency
(D) None of the above22 General Knowledge – MCQs

150. “Protection” means?

(A)) Safeguard of goods and services of a country from being spoiled at the time of export
(B) Safeguard of assets of a country from being destroyed by military attack
(C) Policy of a country to discourage import of certain commodities so as to save the domestic industries from competition with foreign firms
(D) None of the above

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