General Knowledge MCQs [Quiz 57]

Q1. Will the following benefit in real terms during a period of high and rising inflation:
(a) Someone who hoards money
(b) Someone whose income comes from securities with a fixed rate of interest
(c) Some one who owes money and is repaying the debt
(d) None of the above

Q2. A stock exchange in
(a) A central market for buying and selling all kind of goods
(b) A place where any businessman can borrow money from the members
(c) A place where a register is kept of all public and private limited companies
(d) A central market for buying and selling all kinds of securities

Q3. Which one of the following is not a function of a commercial bank?
(a) Acting as banker to the state
(b) Managing government borrowings
(c) Controlling the money supply
(d) All of the above

Q4. The World’s most populous city:
(a) Mexico
(b) Beijing
(c) Kolcatta
(d) Tokyo

Q5. In Asia, the highest density of population (5516 persons per sq. km.) was recorded in:
(a) Singapore
(b) Bangladesh
(c) India
(d) North Korea

Q6. Which of the following is regarded as a liability by choosing banks?
(a) Overdrafts
(b) Personal loans
(c) Money at call
(d) Deposits of customers

Q7. Which of the following policies would be most appropriate for the State Bank of Pakistan to follow if it wished to make it more difficult for the commercial banks to grant loans?
(a) Buying long-term securities in the open market
(b) Raise the percentage of special deposits required
(c) Reduce the liquidity ratio
(d) Borrow through treasury bills rather than long term bonds

Q8. Which of the following items in the balance of payments accounts are invisible?
(a) Aviation
(b) Tourism
(c) Interest, profits and dividends
(d) All of the above

Q9. “Free Trade” means:
(a) No restriction on the movement of goods from one part of the country to the other
(b) No ban on the import or export of a commodity between countries
(c) Goods exchange between countries with out any currency
(d) None of the above

Q10. “Protection” means:
(a) Safeguard of goods and services of a country from being spoiled at the time of export
(b) Safeguard of assets of a country from being destroyed by military attack
(c) Policy of a country to discourage import of certain commodities so as to save the domestic industries from competition with foreign firms
(d) None of the above

Updated: 16th September 2019 — 8:40 PM

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