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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


Question:
Basket of main currencies is

1.reference rate

2.currency peg

3.exchange rate

4.special drawing rights

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


Question:
Pakistans largest export industry is

1.Arms

2.Food

3.Marble

4.Textile

Posted Date:-2021-08-18 06:15:42


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

1.Arms

2.Rice

3.Leather

4.Marble

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.19.30%

2.21.30%

3.23.30%

4.25.30%

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.7.0

2.7.5

3.8

4.8.5

Posted Date:-2021-08-18 06:15:42


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

1.6

2.7

3.8

4.9

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.9%

2.11%

3.13%

4.15%

Posted Date:-2021-08-18 06:15:42


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

1.2%

2.5%

3.8%

4.11%

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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%

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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%

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.18.47%

2.20.47%

3.22.47%

4.24.47%

Posted Date:-2021-08-18 06:15:42


Question:
The largest indirect Tax revenue collection is through

1.Income Tax

2.GST

3.Customs duty

4.Wealth tax

Posted Date:-2021-08-18 06:15:42


Question:
The largest source of electricity generation in Pakistan is

1.thermal

2.hydel

3.nuclear

4.renewable

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.construction

2.transport

3.real estate

4.manufacturing

Posted Date:-2021-08-18 06:15:42


Question:
The per capita income in Pakistan is about

1.$1188

2.$1288

3.$1388

4.$1488

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.45.23%

2.50.23%

3.55.23%

4.60.23%

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


Question:
The total area of Pakistan is ________ km.

1.5,96,095

2.6,96,095

3.7,96,095

4.8,96,095

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.$18.5

2.$28.5

3.$38.5

4.$48.5

Posted Date:-2021-08-18 06:15:42


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

1.income tax

2.corporate tax

3.capital gains tax

4.excise duty

Posted Date:-2021-08-18 06:15:42


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

1.income tax

2.sales tax

3.service tax

4.excise duty

Posted Date:-2021-08-18 06:15:42


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

Posted Date:-2021-08-18 06:15:42


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

1.agriculture

2.industry

3.services

4.manufacturing

Posted Date:-2021-08-18 06:15:42


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

1.agriculture

2.industry

3.services

4.manufacturing

Posted Date:-2021-08-18 06:15:42


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

1.agriculture

2.industry

3.services

4.manufacturing

Posted Date:-2021-08-18 06:15:42


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