McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: General Knowledge (GK) , Union Public Service Commission (UPSC) .
| 801. |
Out of total wheat production in Pakistan, Punjab contributes around : |
| A. | 65% |
| B. | 73% |
| C. | 79% |
| D. | 83% |
| Answer» B. 73% | |
| 802. |
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 |
| Answer» D. Bahawalpur Division | |
| 803. |
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 |
| Answer» B. 8,095 million acres | |
| 804. |
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 |
| Answer» D. Income of all the people in the country during a year | |
| 805. |
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 |
| Answer» B. Produced within the geographical boundaries of a country during a year | |
| 806. |
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 |
| Answer» B. Produced by the factors belonging to the country working in or out of the country | |
| 807. |
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 |
| Answer» B. Total wealth of a Nation | |
| 808. |
Which of the following of Punjab has the lowest population density? |
| A. | Rajanpur |
| B. | Bahawalpur |
| C. | Layyah |
| D. | D.G. Khan |
| Answer» A. Rajanpur | |
| 809. |
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 |
| Answer» C. All incomes of the people of the country in a year | |
| 810. |
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. |
| Answer» D. There is no way of imputing the value of such goods. | |
| 811. |
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 |
| Answer» D. All the above | |
| 812. |
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 |
| Answer» A. Volume of goods and services increases | |
| 813. |
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 |
| Answer» A. If prices rise, real income also rises | |
| 814. |
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 |
| Answer» B. Average income of the people of a country during a year | |
| 815. |
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 |
| Answer» D. All of the above | |
| 816. |
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 |
| Answer» C. Increase in real national income and standard of the living of the people of country | |
| 817. |
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. |
| Answer» B. Economic development is measured by the rate of population increases | |
| 818. |
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 |
| Answer» D. An increase in capital investment | |
| 819. |
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 |
| Answer» 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 | |
| 820. |
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 |
| Answer» C. 1.5 percent | |
| 821. |
11 July every year is being celebrated under United Nations as “World Population Day” since: |
| A. | 1985 |
| B. | 1987 |
| C. | 1989 |
| D. | 1991 |
| Answer» B. 1987 | |
| 822. |
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 |
| Answer» A. They are accepted by most people | |
| 823. |
Of all methods of payment, the recognized legal tender is:- |
| A. | Cheques |
| B. | Bank notes/metalic coins |
| C. | Bills of exchange |
| D. | Promissory notes |
| Answer» B. Bank notes/metalic coins | |
| 824. |
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 |
| Answer» A. Not legal tender | |
| 825. |
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 |
| Answer» A. Government of Pakistan | |
| 826. |
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 |
| Answer» B. State Bank of Pakistan | |
| 827. |
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 |
| Answer» B. State Bank of Pakistan | |
| 828. |
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. |
| Answer» A. In barter system, goods are exchanged with goods | |
| 829. |
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. |
| Answer» C. Order cheque can be got cashed on identification | |
| 830. |
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 |
| Answer» A. There is no difference in bearer and order cheque | |
| 831. |
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. |
| Answer» B. Power of money to command goods and services in exchange | |
| 832. |
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 |
| Answer» 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 | |
| 833. |
"Inflation" means that money: |
| A. | Rises in value |
| B. | Falls in value |
| C. | Become scarce |
| D. | becomes larger in denomination |
| Answer» B. Falls in value | |
| 834. |
"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 |
| C. | A general and consistent increase in prices in an economy |
| D. | Too little money choosing too many goods |
| Answer» B. A temporary increases in the prices of several goods | |
| 835. |
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 |
| Answer» C. A decrease in production brings a decrease in the value of money | |
| 836. |
Which of the following groups is most likely to benefit from inflation? |
| A. | Exporters |
| B. | Debtors |
| C. | Pensioners |
| D. | Creditors |
| Answer» B. Debtors | |
| 837. |
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 |
| Answer» D. A reduction in the value of money | |
| 838. |
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 |
| Answer» C. Both of the above | |
| 839. |
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. |
| Answer» C. An increase in unemployment allowances | |
| 840. |
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 |
| Answer» B. Inflation makes savings increase | |
| 841. |
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 |
| Answer» C. Some one who owes money and is repaying the debt | |
| 842. |
A stock exchange is: |
| A. | A central market for buying and selling all kind of goods |
| B. | A place where any businessman can borrow money from the members |
| C. | A place where a register is kept of all public and private limited companies |
| D. | A central market for buying and selling all kinds of securities |
| Answer» D. A central market for buying and selling all kinds of securities | |
| 843. |
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 |
| Answer» D. All of the above | |
| 844. |
The World’s most populous city: |
| A. | Mexico |
| B. | Beijing |
| C. | Kolcatta |
| D. | Tokyo |
| Answer» D. Tokyo | |
| 845. |
In Asia, the highest density of population (5516 persons per sq. km.) was recorded in: |
| A. | Singapore |
| B. | Bangladesh |
| C. | India |
| D. | North Korea |
| Answer» A. Singapore | |
| 846. |
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 |
| Answer» D. Deposits of customers | |
| 847. |
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 |
| Answer» D. Borrow through treasury bills rather than long term bonds | |
| 848. |
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 |
| Answer» D. All of the above | |
| 849. |
"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 above |
| Answer» B. No ban on the import or export of a commodity between countries | |
| 850. |
"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 |
| Answer» C. Policy of a country to discourage import of certain commodities so as to save the domestic industries from competition with foreign firms | |
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