NTS/NTS CURRENT AFFAIRS ECONOMIC MCQ SET 2 Sample Test,Sample questions

Question:
A REPO or repurchase agreement is a form of short-term _____ by state bank.

1.borrowing

2.savings

3.investment

4.adjustment


Question:
According to the recently held census, the total population of Pakistan is

1.200.77 million

2.207.77 million

3.210.77 million

4.217.77 million


Question:
An isoquant is convex to the origin because of

1.law of diminishing returns

2.diminishing marginal rate of substitution between factors

3.law of increasing returns

4.Dividends


Question:
Basket of main currencies is

1.reference rate

2.currency peg

3.exchange rate

4.special drawing rights


Question:
Currently, about 4.5 million beneficiaries are receiving financial help of ______ per month under BISP of the government of Pakistan.

1.Rs. 1,000

2.Rs. 1,500

3.Rs. 2,000

4.Rs. 2,500


Question:
Currently, about how many beneficiaries (families) are receiving financial help under Benazir Income Support Program (BISP) of the government of Pakistan?

1.4.0 million

2.4.5 million

3.5.0 million

4.5.5 million


Question:
Currently, the total installed capacity of electricity generation in Pakistan (Year 2020) is

1.25,972 MW

2.30,972 MW

3.35,972 MW

4.40,972 MW


Question:
For the Cobb-Douglas Production Function

1.The law of diminishing returns to scale holds

2.The law of constant returns to scale holds

3.The law of increasing returns to scale holds

4.Originality of utility


Question:
Foreign exchange reserves of Pakistan reached the new historic high of ______ on October 14, 2016.

1.$24.5 billion

2.$28.5 billion

3.$32.5 billion

4.$36.5 billion


Question:
In Keynesian theory equality between saving and investment is brought about by changes in the

1.level of income

2.rate of interest

3.supply of money

4.The law of constant returns to scale holds


Question:
One of the following is included in Personal Income, but excluded from National Income, which one is that?

1.Dividends

2.Wages

3.Interest on Public Debt

4.Originality of utility


Question:
Pakistani society like other developing countries has

1.low marginal propensity to consume

2.high marginal propensity to consume

3.high marginal propensity to invest

4.high employment


Question:
Pakistans largest export industry is

1.Arms

2.Food

3.Marble

4.Textile


Question:
Pakistans largest export item is cotton & cotton manufactures. The second largest export item is

1.Arms

2.Rice

3.Leather

4.Marble


Question:
Poverty line is determined by

1.Per capita calories intake

2.Income of the family

3.Housing and clothing facilities

4.Non market trade


Question:
The agriculture sector contributes _______ to the countrys Gross Domestic Product (GDP).

1.19.30%

2.21.30%

3.23.30%

4.25.30%


Question:
The assumption which makes the Indifference Curve convex to the origin is

1.A diminishing Marginal Rate of substitution

2.Originality of utility

3.Cardinality of utility

4.Dividends


Question:
The current government borrowed _____ billion from friendly countries as a short-term measure.

1.$6.2

2.$7.2

3.$8.2

4.$9.2


Question:
The current policy rate by state bank of Pakistan is _____% per annum.

1.7.0

2.7.5

3.8

4.8.5


Question:
The current REPO (or Repo Floor) rate of State Bank of Pakistan is _____% per annum.

1.6

2.7

3.8

4.9


Question:
The current Reverse REPO (or Repo Ceiling) rate of State Bank of Pakistan is _____% per annum.

1.6

2.7

3.8

4.9


Question:
The current Tax-to-GDP ratio in Pakistan (Year 2020) is

1.9%

2.11%

3.13%

4.15%


Question:
The current unemployment rate (Year 2020) in Pakistan is about

1.2%

2.5%

3.8%

4.11%


Question:
The direct exchange of goods and services for other goods and services is known as

1.Primitive trade

2.Barter

3.Non market trade

4.special drawing rights


Question:
The GDP growth rate in the current financial year of 2020 is recorded as

1.1.38%

2.0.38%

3.0.38%

4.1.38%


Question:
The governments fiscal policy denotes the use of governments

1.taxes and expenditure

2.consumption and investment

3.taxes and revenue

4.consumption and expenditure


Question:
The growth in the Large-Scale Manufacturing (LSM) sector during the financial year 2020 is about

1.5.4%

2.2.4%

3.1.40%

4.4.40%


Question:
The impact and incidence of sales tax is

1.on the consumer

2.on the seller

3.on the producer

4.none of these


Question:
The industry sector contributes ______ to the countrys GDP.

1.18.47%

2.20.47%

3.22.47%

4.24.47%


Question:
The largest indirect Tax revenue collection is through

1.Income Tax

2.GST

3.Customs duty

4.Wealth tax


Question:
The largest source of electricity generation in Pakistan is

1.thermal

2.hydel

3.nuclear

4.renewable


Question:
The major government policies that can be used to pursue its macroeconomic goals are

1.fiscal policy and debt policy

2.fiscal policy and monetary policy

3.fiscal policy, debt policy and monetary policy

4.fiscal policy, monetary policy and subsidies


Question:
The most important sub-sector of the industrial sector is

1.construction

2.transport

3.real estate

4.manufacturing


Question:
The per capita income in Pakistan is about

1.$1188

2.$1288

3.$1388

4.$1488


Question:
The recent census was held in 2017, the last census was held in the year of

1.1998

2.2000

3.2002

4.2004


Question:
The relationship between price and quantity bought at that price is called

1.demand curve

2.supply curve

3.law of one price

4.equilibrium position


Question:
The services sector contributes ______ to the countrys GDP.

1.45.23%

2.50.23%

3.55.23%

4.60.23%


Question:
The three main sectors of Pakistan economy are

1.agriculture, industry and manufacturing

2.agriculture, industry and transport

3.agriculture, education and industry

4.agriculture, industry and services


Question:
The three Stock Exchanges Karachi, Lahore and Islamabad were merged into Pakistan Stock Exchange (PSX) on 11 January

1.2014

2.2015

3.2016

4.2017


Question:
The total area of Pakistan is ________ km.

1.5,96,095

2.6,96,095

3.7,96,095

4.8,96,095


Question:
The total GDP of Pakistan (Year 2020) in nominal terms is about ______ billion.

1.$284.2

2.$324.2

3.$364.2

4.$404.2


Question:
Three main drivers of economic growth are

1.consumption, investment and employment

2.savings, investment and debt

3.revenue, expenditure and savings

4.consumption, investment and savings


Question:
To address the energy shortage, government of Pakistan incorporated electricity generation capacity of _____ between 2013 and 2018.

1.6,230 MW

2.8,230 MW

3.10,230 MW

4.12,230 MW


Question:
Under CPEC, 22 projects have been launched costing about _____ billion.

1.$18.5

2.$28.5

3.$38.5

4.$48.5


Question:
Which of the following is NOT a direct tax?

1.income tax

2.corporate tax

3.capital gains tax

4.excise duty


Question:
Which of the following is NOT an indirect tax?

1.income tax

2.sales tax

3.service tax

4.excise duty


Question:
Which one of the following tax systems will move in the direction of reduction of economic disparities?

1.Flat rate tax

2.Progressive tax

3.Regressive tax

4.Income of the family


Question:
Which sector is the largest contributor to the GDP?

1.agriculture

2.industry

3.services

4.manufacturing


Question:
Which sector is the major source of tax revenues for the government?

1.agriculture

2.industry

3.services

4.manufacturing


Question:
Which sector of Pakistan economy provides the largest employment in Pakistan?

1.agriculture

2.industry

3.services

4.manufacturing


More MCQS

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  3. NTS COMPUTER MCQ SET 1
  4. NTS COMPUTER MCQ SET 2
  5. NTS COMPUTER MCQ SET 3
  6. NTS COMPUTER MCQ SET 4
  7. NTS MATHEMATICS MCQ SET 1
  8. NTS COMPUTER MCQ SET 5
  9. NTS GENERAL KNOWLEDEGE MCQ SET 1
  10. NTS GENERAL KNOWLEDEGE MCQ SET 2
  11. NTS GENERAL KNOWLEDGE MCQ SET 3
  12. NTS CURRENT AFFAIRS MCQ SET 1
  13. NTS CURRENT AFFAIRS MCQ SET2
  14. NTS GENERAL KNOWLEDGE MCQ SET 4
  15. NTS PAKISTAN CURRENT AFFAIRS MCQ SET 1
  16. NTS PAKISTAN CURRENT AFFAIRS MCQ SET 2
  17. NTS PAKISTAN CURRENT AFFAIRS MCQ SET 3
  18. NTS PKISTAN CURRENT AFFAIRS MCQ SET 4
  19. NTS PAKISTAN CURRENT AFFAIRS MCQ SET 5
  20. NTS PAKISTAN CURRENT AFFAIRS SET 6
  21. NTS PAKISTAN CURRENT AFFAIRS SET 8
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  24. NTS BIOLOGY CURRENT AFFAIRS SET 3
  25. NTS BIOLOGY CURRENT AFFAIRS SET 4
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  27. NTS CURRENT AFFAIRS ACCOUNTING MCQ SET 1
  28. NTS CURRENT AFFAIRS EDUCATION MCQ SET 2
  29. NTS CURRENT AFFAIRS EDUCATION MCQ SET 3
  30. NTS CURRENT AFFAIRS ACCOUNTING SET 2
  31. NTS CURRENT AFFAIRS ECONOMIC MCQ SET 1
  32. NTS CURRENT AFFAIRS ECONOMIC MCQ SET 2
  33. NTS CURRENT AFFAIRS FINANCE MCQ SET 1
  34. NTS CURRENT AFFAIRS FINANCE MCQ SET 2
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