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) .
| 701. |
The Balance of payment is understood as: |
| A. | The balance of amount after paying 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 |
| Answer» C. The balance between a nation's expenditure on imports and its receipts from exports. | |
| 702. |
Pinpoint the main objectives of 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 |
| Answer» B. To eliminate quota system and promote free competition in trade. | |
| 703. |
The number of family welfare centres in Punjab are: |
| A. | 560 |
| B. | 940 |
| C. | 1230 |
| D. | 1503 |
| Answer» B. 940 | |
| 704. |
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. |
| Answer» C. The World Bank provides loans to such countries whose balance of payments condition is not favourable | |
| 705. |
Identify the main functions of IMF: |
| A. | To provide loans to the members of UNO for 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 |
| Answer» C. To make foreign exchange resources available for those countries facing balance of payments difficulties | |
| 706. |
The United Nations celebrated “International Year of Shelter for the Homeless” in: |
| A. | 1985 |
| B. | 1987 |
| C. | 1990 |
| D. | 1992 |
| Answer» B. 1987 | |
| 707. |
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 |
| Answer» B. International Islamic Foundation for Science and Technology | |
| 708. |
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 |
| Answer» B. 57,700 Barrels | |
| 709. |
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 |
| Answer» D. 1 January 2005 | |
| 710. |
The biggest market of Pakistani exports is: |
| A. | France |
| B. | Saudi Arabia |
| C. | U.S.A |
| D. | U.K. |
| Answer» C. U.S.A | |
| 711. |
The biggest market of Pakistani Imports is: |
| A. | USA |
| B. | U.K. |
| C. | Russia |
| D. | Japan |
| Answer» A. USA | |
| 712. |
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 |
| Answer» D. To bridge the gap between their profit rate and Bank's mark up rate on loans | |
| 713. |
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 |
| Answer» B. 5 percent | |
| 714. |
The Women’s Division was created in the Federal Government in January: |
| A. | 1974 |
| B. | 1977 |
| C. | 1979 |
| D. | 1981 |
| Answer» A. 1974 | |
| 715. |
The first “World Population Conference” under the United Nations was held in 1975 at: |
| A. | Kampala |
| B. | Bucharest |
| C. | Nairobi |
| D. | Ankara |
| Answer» B. Bucharest | |
| 716. |
Difference between a countrys exports and imports is: |
| A. | Trade Balance |
| B. | Trade Deficit |
| C. | Trade Surplus |
| D. | Volume of Trade |
| Answer» A. Trade Balance | |
| 717. |
Cash crop is the crop: |
| A. | Which gives high profit to the farmers |
| B. | Which is grown only for sale |
| C. | Which is grown after taking Cash loan from Banks |
| D. | None of the above one |
| Answer» B. Which is grown only for sale | |
| 718. |
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 |
| Answer» A. Devaluation | |
| 719. |
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 |
| Answer» C. Gross Domestic Product | |
| 720. |
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 |
| Answer» C. For measuring the average share price of major US industrial companies | |
| 721. |
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 |
| Answer» B. Restrict trade of particular commodities | |
| 722. |
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 |
| Answer» C. Free Trade zone | |
| 723. |
Which one among the following statements is truly explain the `Laissez Faire' theory? |
| A. | 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 fair distribution of wealth in the society |
| D. | None of the above one |
| Answer» A. State should refrain from all intervention in economic affairs | |
| 724. |
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 |
| Answer» D. Sri Lanka | |
| 725. |
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 |
| Answer» B. Lack of knowledge | |
| 726. |
Both-way trade between two countries is also known as: |
| A. | Government Expenditure |
| B. | Fiscal Revenue |
| C. | Volume of Trade |
| D. | Terms of Trade |
| Answer» C. Volume of Trade | |
| 727. |
Trade by exchange of Commodities is called: |
| A. | International Trade |
| B. | Foreign Exchange |
| C. | Line of Credit |
| D. | Barter Trade |
| Answer» D. Barter Trade | |
| 728. |
Tax on a Commodity according to its volume is: |
| A. | Real tax |
| B. | Direct Tax |
| C. | Indirect Tax |
| D. | Ad Valorem Tax |
| Answer» D. Ad Valorem Tax | |
| 729. |
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 |
| Answer» D. Justice (R) Saleem Akhtar | |
| 730. |
Safety stock of grains held by the government is: |
| A. | Surplus stock |
| B. | Overhead stock |
| C. | Buffer stock |
| D. | Overall stock |
| Answer» B. Overhead stock | |
| 731. |
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 |
| Answer» A. Floor price | |
| 732. |
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 |
| Answer» C. Free trade | |
| 733. |
An economy when private and government enterprises both operates, is: |
| A. | Free economy |
| B. | Closed economy |
| C. | Joint economy |
| D. | Mixed economy |
| Answer» D. Mixed economy | |
| 734. |
Agreement between two countries is: |
| A. | Multi lateral agreement |
| B. | Bilateral agreement |
| C. | Single agreement |
| D. | Special agreement |
| Answer» B. Bilateral agreement | |
| 735. |
Family Planning Programme was started in Pakistan in: |
| A. | 1952 |
| B. | 1955 |
| C. | 1957 |
| D. | 1959 |
| Answer» A. 1952 | |
| 736. |
What percentage of population in Pakistan is under the age of 15? |
| A. | 38% |
| B. | 40% |
| C. | 45% |
| D. | 50% |
| Answer» C. 45% | |
| 737. |
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 |
| Answer» B. No duties and no restrictions | |
| 738. |
Which country has maximum foreign project investments in Pakistan? |
| A. | USA |
| B. | U.K |
| C. | China |
| D. | Japan |
| Answer» C. China | |
| 739. |
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 |
| Answer» A. The exchange rate of currencies in the open market | |
| 740. |
Financial year of USA starts from: |
| A. | 1st January |
| B. | 1st March |
| C. | 1st July |
| D. | 1st April |
| Answer» C. 1st July | |
| 741. |
In the budget 2001-2002, the government has decided to wind-up one of the following privilege of the new employees: |
| A. | House rent |
| B. | Benevolent fund |
| C. | Pension |
| D. | None of the above |
| Answer» D. None of the above | |
| 742. |
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 |
| Answer» C. Running of civil government | |
| 743. |
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 |
| Answer» D. Rs. 3 billion | |
| 744. |
General Sales Tax, under the constitution 1973 is a: |
| A. | Federal Subject |
| B. | Provincial Subject |
| C. | Concurrent subject |
| D. | None of the above one |
| Answer» A. Federal Subject | |
| 745. |
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 |
| C. | USA |
| D. | Russia |
| Answer» A. China | |
| 746. |
The world's most Powerful super computer is called: |
| A. | ASCI White |
| B. | ASCI Red |
| C. | ASCI Pink |
| D. | None of the above |
| Answer» A. ASCI White | |
| 747. |
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 |
| Answer» C. Brain drain | |
| 748. |
Which five year plan of Pakistan is yet to be implemented? |
| A. | 7th |
| B. | 8th |
| C. | 9th |
| D. | 10th |
| Answer» C. 9th | |
| 749. |
The per capita income of Pakistan is approximately: |
| A. | 350 US Dollars |
| B. | 408 US Dollars |
| C. | 483 US Dollars |
| D. | 503 US Dollars |
| Answer» C. 483 US Dollars | |
| 750. |
Which province has the highest literacy rate? |
| A. | N.W.F.P. |
| B. | Balochistan |
| C. | Punjab |
| D. | Sindh |
| Answer» D. Sindh | |
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