Economics Balance of Payments Test 03 Preparation Online Balance of Payments Test 03 Preparation Online 1. Which is the basic economic problem, which is common in all economic systems?A. Elimination of inflationB. Allocation of scarce resourcesC. To reduce taxationD. To increase exports Loading... 2. In capitalism there is sovereignty of?A. ProducerB. BusinessmenC. ConsumerD. Government Loading... 3. In working of markets, the Islamic system is nearer to?A. Mixed economyB. SocialismC. None of the aboveD. Capitalism Loading... 4. IMF has given loan to Pakistan. It will improve Pakistan's?A. Current accountB. Capital accountC. Overall balance of paymentsD. (b) and (c) of above Loading... 5. In socialistic system, prices of goods are determined by?A. SellersB. Forces of demand and supplyC. GovernmentD. Buyers Loading... 6. The receipts and payments for goods exported and imported are counted in?A. Current accountB. Capital accountC. Trade accountD. Monetary account Loading... 7. In capitalistic system, prices of goods are determined by?A. GovernmentB. BuyersC. Forces of demand and supplyD. Sellers Loading... 8. Basic principle of Islamic economic system is?A. EqualityB. High profitC. Less consumptionD. Justice Loading... 9. Foreign exchange reserves increase if?A. Govt. increases taxesB. Imports increase exports remain the sameC. (a) and (b) of aboveD. Exports increase imports remain the same Loading... 10. IMF gives loans?A. To increase employment opportunitiesB. To fill gap in government budgetC. To decrease inflationD. To fill gap in balance of payments Loading... Loading... Related PostsBalance of Payments Test 04 Preparation OnlineBalance of Payments Test 01 Preparation OnlineBalance of Payments Test 02 Preparation OnlineBISP 8171 Result 2023 Check Status By CNIC Online8171 Check Online 2023 Lahore (pass.gov.pk)BISP 8171 Result Check Online 2023 by CNIC Continue Reading Previous Balance of Payments Test 02 Preparation OnlineNext Balance of Payments Test 04 Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ