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CSS :: Balance of Payments


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

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

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

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

35.  In capitalism there is sovereignty of:
A. Producer B. Consumer
C. Government D. Businessmen

36.  Basic principle of Islamic economic system is:
A. Equality B. Justice
C. High profit D. Less consumption

37.  In capitalistic system, prices of goods are determined by:
A. Sellers B. Buyers
C. Government D. Forces of demand and supply

38.  In socialistic system, prices of goods are determined by:
A. Sellers B. Buyers
C. Government D. Forces of demand and supply

39.  In working of markets, the Islamic system is nearer to:
A. Capitalism B. Socialism
C. Mixed economy D. None of the above

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




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