Government policy about exports and imports is called ?

A. monetary policy
B. fiscal policy
C. commercial policy
D. finance policy

Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?

A. less than one
B. greater than one
C. equal to one
D. zero

What term is given to unemployment caused by a downturn in the business cycle ?

A. underemployment
B. disguised unemployment
C. temporary unemployment
D. cyclical unemployment

Which of the following terms refers to income that is saved and not invested ?

A. capital
B. deposit
C. hoarding
D. profit

Development means economics growth plus ?

A. inflation
B. deflation
C. social change
D. price stability

The branch banking system is in vogue in most countries of the world. In which country was it first developed?

A. south africa
B. uk
C. canada
D. australia

If GNP of Pakistan rises. it will encourage ?

A. exports
B. imports
C. both
D. none

Open market Operation is ?

A. buying and selling bills of exchange
B. buying and selling govt. securities
C. buying and selling shares of companies
D. buying and selling foreign exchanges

Theory of comparative advantages was presented by ?

A. adam smith
B. ricardo
C. hicks
D. barron

In which capacity does a person stand to gain from deflation ?

A. as a pensioner
B. as a debtor
C. as an entrepreneur
D. as an equity-holder