CSS :: Balance of Payments
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31. |
Foreign exchange reserves increase if: |
A. |
Govt. increases taxes |
B. |
Exports increase imports remain the same |
C. |
Imports increase exports remain the same |
D. |
(a) and (b) of above |
Answer: Option B
Explanation:
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32. |
The receipts and payments for goods exported and imported are counted in: |
A. |
Trade account |
B. |
Capital account |
C. |
Current account |
D. |
Monetary account |
Answer: Option A
Explanation:
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33. |
IMF has given loan to Pakistan. It will improve Pakistan's: |
A. |
Current account |
B. |
Capital account |
C. |
Overall balance of payments |
D. |
(b) and (c) of above |
Answer: Option D
Explanation:
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34. |
IMF gives loans: |
A. |
To fill gap in balance of payments |
B. |
To fill gap in government budget |
C. |
To decrease inflation |
D. |
To increse employment opportunities |
Answer: Option A
Explanation:
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35. |
In capitalism there is sovereignty of: |
A. |
Producer |
B. |
Consumer |
C. |
Government |
D. |
Businessmen |
Answer: Option B
Explanation:
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36. |
Basic principle of Islamic economic system is: |
A. |
Equality |
B. |
Justice |
C. |
High profit |
D. |
Less consumption |
Answer: Option B
Explanation:
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37. |
In capitalistic system, prices of goods are determined by: |
A. |
Sellers |
B. |
Buyers |
C. |
Government |
D. |
Forces of demand and supply |
Answer: Option D
Explanation:
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38. |
In socialistic system, prices of goods are determined by: |
A. |
Sellers |
B. |
Buyers |
C. |
Government |
D. |
Forces of demand and supply |
Answer: Option C
Explanation:
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39. |
In working of markets, the Islamic system is nearer to: |
A. |
Capitalism |
B. |
Socialism |
C. |
Mixed economy |
D. |
None of the above |
Answer: Option C
Explanation:
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40. |
Which is the basic economic problem, which is common in all economic systems: |
A. |
Allocation of scarce resources |
B. |
Elimination of inflation |
C. |
To increase exports |
D. |
To reduce taxation |
Answer: Option A
Explanation:
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