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21.

Measurement of economic development is based on:

A.	Monetary income	B.	Real income
C.	Future income	D.	Permanent income

22.

Pakistan needs:

A.	Economic planning	B.	Population planning
C.	Educational planning	D.	All of the above

23.

The highest govt. body for economic planning in Pakistan is:

A.	Planning Council	B.	Planning Board
C.	Planning Commission	D.	Planning Department

24.

When a country develops:

A.	Per capita income rises	B.	Specialization increase
C.	Urbanization rises	D.	All of the above

25.

Economic planning in Pakistan started:

A.	During 1950's	B.	During 1960's
C.	During 1970's	D.	During 1980's

26.

We can increase rate of economic growth in Pakistan if we increase:

A.	Taxes	B.	Imports
C.	Investment	D.	Population

27.

When economic development takes place:

A.	Market imperfections increase	B.	Population increases
C.	Capital stock increases	D.	(b) and (c) of the above

28.

When economic development takes place:

A.	Exports increase	B.	Imports increase
C.	Capital stock increases	D.	All of the above

29.

When economic development takes place:

A.	Share of services in GDP increases	B.	Share of agriculture in GDP increases
C.	Share of industry in GDP increases	D.	(a) and (c) of above

30.

When economic development takes place:

A.	Specialization increases	B.	Commercialization decreases
C.	Market imperfections increase	D.	None of the above