Economics Sh t Questions Variations

1. What is meant by money?

2. What is meant by credit money?

3. Write four imp tant functions of money.

4. Define near money.

5. Define metallic money.

6. What is meant by limited legal tender money?

7. Write down the stages of evolution of money.

8. What is meant by money market of Pakistan?

9. What is meant by value of money?

10. What is meant by Standard Money?

11. Write four points about the money market of Pakistan.

12. What is meant by demand f money?

13. Define the circulation of money.

14. What is meant by token money?

15. Write down four merits and demerits of paper money.

16. What is meant by convertible paper money?

17. What is meant by bill of exchange?

18. What is meant by discounting bill of exchange?

19. What are scheduled Banks?

20. What is meant by non-scheduled bank?

21. Differentiate between scheduled and non-scheduled-bank.

22. What is meant by non-scheduled Commercial Bank?

23. What is meant by open market operation?

24. What is meant by Modaraba?

25. What is meant by canon of convenience of taxation?

26. Write two basic canons of taxation.

27. What is meant by indirect tax?

29. Differentiate between direct tax and indirect tax

30. What is surplus budget?

31. Write down four sources of non-tax revenue.

32. Differentiate between tax revenue and non-tax revenue.

33. Define international trade.

34. Write down four merits of International Trade.

35. Ge two differences of national and international trade.

36. What is meant by Trade Deficit?

37. What is meant by “Terms of Trade”?

38. What is meant by domestic trade?

39. What is meant by balance of trade?

40. What is meant by free trade?

41. Define absolute advantage the y of trade.

42. Write down four disadvantages of W ld Trade ganization.

43. What is meant by current account?

44. Write any four items included in current account.

45. Define the multinational companies.

46. Write down four merits of multi national c p ation.

47. Write down four imp ts of Pakistan.

48. Write four imp tant imp ts of Pakistan.

49. Write four maj imp ts of Pakistan.

50. Write the names of any four imp t markets of Pakistan.

51. Write down four imp tant crops of Pakistan.

52. What is meant by rabi crops?

53. What is meant by kharif crops?

54. Write names of four maj crops of Kharif Season.

55. Write down four demerits of W. T. 0.

56. What is meant by per capita income?

58. Write down the f mula of per capita income.

59. Write down the f mula to measure per capita income.

60. What is meant by tax culture?

61. Define four proposals to enhance tax culture.

62. Suggest any four measures to promote tax culture.

63. Define developing economy.

64. Write down four problems of developing economy.

65. Define Economic Development.

66. What are the effects of patriotism on economic development?

67. Write four economic fact s of Economic Development.

68. Name the methods to measure economic development.

69. What is meant by sick industrial unit?

70. Write four functions of industrial development bank.

71. State any four industrial problems of Pakistan.

72. Write the names of four imp tant industries in Pakistan.

73. What are four maj industries of Pakistan?

74. Write down four measures to improve the condition of small and medium type of
industry.

75. Define unemployment.

76. What is meant by disguised unemployment?

77. Describe four causes of unemployment in Pakistan.

78. What is time deposit?

79. Differentiate between demand deposit and time deposit.

80. State the names of four heads of expenditures of Federal Government.

81. What is meant by “Usher”?

82. What is meant by Zakat? What is difference between Usher and Zakat?

83. Explain the difference between zakat and tax

84. Write down the names of four member countries of economic cooperation ganization.
85. Write down of two institutions who started w k on interest free basis in Pakistan.

86. What is meant by “Goodness”?

87. What is meant by clearing house of banks?

88. What is meant by Gross National Product?

89. What is meant by net national product?

90. Define National Income.

91. What is meant by real National Income?

92. Draw a diagram of circular flow of National Income.

93. Write down three methods of measuring national income.

94. Write four problems in measuring National Income of Pakistan.

95. Why transfer payments are not included in national income?

96. What is meant by national income equilibrium?

97. Write names of any four fact s of national income.

98. What is meant by Gross Domestic Product?

99. Define Marginal Propensity to Save.

100. Define Marginal Propensity to Consume.

101. What is meant by Depreciation Allowance?

102. What is meant by transfer payments?

103. Define Cheque. What is meant by cross cheque?

104. Differentiate between bearer cheque and cross cheque.

105. What is meant by traveller cheque?

106. Differentiate between bearer cheque and der cheque.

107. Define Bonds.

108. Define Bank. Define Bank Rate.

109. What is meant by bank rate policy?

110. Who is responsible f the administration of National Bank of Pakistan (NBP).

111. Write four functions of State Bank of Pakistan.

112. What is meant by Bank Draft?

113. Define Commercial Bank.

115. What is meant by central bank?

116. Write down any four functions of Central Bank.

117. Write down four methods of central bank to control inflation.

118. What is meant by Progresse Tax?

119. Write four kinds of taxes.

120. Define four features of our taxation system.

121. Explain the cannon of equality of taxation.

122. Suggest four measures to improve taxation system in Pakistan.

123. What is meant by regresse tax? Differentiate between tax and subsidy.

124. Write down two names of imposed taxes in Pakistan.

125. What is meant by regresse tax? Write down four principles of taxation.

126. What is meant by absolute advantage?

127. Define Balance of Payment.

128. Write two causes of deficit balance of payment.

129. Write the names of four Exp t Markets of Pakistan.

130. What is meant by exp t bonus scheme?

131. Write down four imp tant exp ts of Pakistan.

132. State four maj exp ts of Pakistan.

133. What is meant by Stock Exchange and also state its locations in Pakistan.

134. Write the names of any four sub-sect s of agriculture.

135. State any four long term loans issued by Agricultural Development Bank.

136. Write down four suggestions to raise agricultural production.

137. What is meant by under developed country?

138. State any four problems of under developed economy.

139. Define Economic Planning.

140. What does economic planning mean?

141. Write any four objects of economic planning.

142. Write four means of transp tation.

144. Describe four fact s enhancing productid of labour.

145. What is meant by E-Commerce?

146. Differentiate between Malia and Abriana.

147. State the names of any four countries included in SAARC.

148. Write any four evils of interest.

149. What is meant by the concept of ownership in Islam?

150. Define personal income. What is meant by real income?

151. Define four examples of illegal income.

152. Write four sources of income f Provincial Governments.

153. What is meant by disposable personal income?

154. What is functional relationship between income and consumption?

155. What is meant by Personal Disposable Income?

156. Write down four imp tant sources of income of any Country.

157. What is meant by barter system?

158. Write down four difficulties of barter system.

159. What is meant by demand deposits?

160. What is meant by Qarz-e-Flasna?

161. What is meant by public finance?

162. Present any two similarities between the prate and public finance.

163. What is the difference between fee and price?

164. What is comparat cost the y?

165. What is meant by comparat advantage?

166. What is meant by fiscal year?

167. Write down four objectives of fiscal policy.

168. What is meant by economic infrastructure?

169. Write four functions of Planning commission.

170. What is meant by water logging and salinity?

171. Write any four objectes of Pakistan Mot ways.

173. What is meant by mobility of labour?

174. Write four types of mobility of labour.

175. What is meant by Professional Mobility?

176. What is vertical mobility of labour?

177. Write four advantages of mobility of labour.

178. What is meant by E-Commerce?

179. Write any four functions of E-commerce.

180. Define deflation. Define deflation.

181. Write any four consequences of inflation.

182. What is meant by Cost-Push Inflation?

183. What is meant by demand-pull inflation?

184. What is meant by estate duty?

185. What is meant by excise duty?

186. What is meant by custom duty?

187. Write any four sources of revenue of provincial governments.

188. Write down four sources of revenue of Federal Government.

189. What is the concept of production of wealth in Islam?

190. What is meant by the equitable distribution of wealth?

191. Define Interest. Define Interest.

192. What is interest free banking?

193. Write four demerits of interest.

194. What is meant by economic system?

195. Write down four limitations of credit creation.

196. Write down the f mula of credit creation.

197. What is meant by fixed deposits?

198. What is fixed exchange rate?

199. Write four points of advantages of fixed Rate of Exchange.

200. What is meant by economic system of Islam?

202. Define justice in Islamic economics.

203. Write four basic characteristics of the economic system of Islam.

204. Describe four basic features of Islamic economic system.

205. What is the concept of ownership in Islam?

206. Explain the concept of Mozarbat.

207. What is meant by “Mozarba” system of business?

208. What is meant by Globalization?

209. Write down four advantages of Globalization.

210. What is meant by budget?

211. Define Balance Budget.

212. What is meant by surplus budget?

213. What is meant by Deficit Budget?

214. What is meant by living standard?

215. Why the standard of living of the people of Pakistan is low?

216. Write down four causes of low living standard of life of Pakistanis.

217. What is Dry P t? Write two names of Dry P ts.

218. What is meant by invisible goods?

219. Differentiate between visible and invisible goods.

220. What is meant by sources of communication?

221. Describe the imp tance of communication sources in four lines.

222. Write doWn the imp tance of sources of communication in Pakistan.

223. What is meant by E. Govt.?

224. What is meant by capital market?

225. Describe four problems of Pakistan Railways.

226. What is the difference between long term loans and sh t term loans?

227. What is meant by Subsidy?

228. Write four imp tant items of Government Expenditures.

229. What is meant by visible goods?

231. Write four lines on the imp tance of Inf mation Technology.

232. Write the definition of average propensity to consume.

233. What is meant by Partnership?

234. Write four de-merits of protection policy.

235. What is meant by structural dis-equilibrium?

236. What is meant by credit card?

237. What is meant by social justice?

238. What is mixed economy?

239. What is meant by pyritization?

240. What is meant by financial year?

241. Write time period of 8th Year plan.

242. Write names of four countries included in ECO.

243. Define capitalistic system.

244. What are main four sect s of our economy?

245. Define human resource development.

246. Define geographical mobility.

247. Write four reasons of over-population in Pakistan.

248. Define rate of exchange.

249. What is benevolence?

250. What is Consumption Function?

251. Define Specialisation.

252. What is meant by SMEDA?

253. What is meant by Devaluation?

Economics Long Questions Variations

1. Explain the basic concepts of national income. Explain the fact s of national
incomes. Explain the equilibrium level of National Income with the help of diagram.
Define National Income and describe the total expenditure method of Computing
National Income. Explain the diffiCulties in the measurement of national income of
Pakistan.
2. Describe the reasons of adverse balance of payments of Pakistan. What are the
causes of disequilibriums in the balance of payment of Pakistan’s economy?

3. Explain the functions of money. Explain the quantity the y of money. Describe the
merits of good money.

4. Describe the salient features of taxation system of Pakistan. Describe the cannons of
good tax system. Explain the different kinds of taxes.

5. Write down the imp tant points of f eign trade of Pakistan. Explain the
characteristics of f eign trade of Pakistan.

6. Explain the problems of agricultural sect in Pakistan. Suggest the measures to make
agricultural sect dynamic.

7. Explain the causes of low standard of living in Pakistan.

8. Explain the functions of a Commercial Bank. Flow commercial banks create credit
money? Explain. Elab ate credit creation process of Commercial Banks.

9. Explain difference between Private and Public Finance.

10. Describe comparative cost the y of international trade. Explain the difference
between domestic and international trade. Explain the merits of International Trade.

11. Explain the functions of Central Bank.

12. Describe sources of revenue of the Government. Explain the heads of revenue of the
Federal Government of Pakistan. Write down the sources of revenue of the federal
government of Pakistan.

13. What is meant by globalization? Also describe its benefits.

14. Describe the imp tant characteristics of underdeveloped countries.

15. State the salient features of Economic System of Islam. Explain the characteristics of
Islamic economic system. Compare Islamic economic system with Capitalism and
Socialism.

16. Describe the economic imp tance of zakat.

17. What is meant by barter system? Describe the difficulties of barter system.

18. Describe the methods to measure economic development. Explain the imp tance of
means of transp tation in economic development of Pakistan.

19. What are the motives of demand f money as per Keyns an Explain the creation of
credit money.

20. Describe problems of labour f ce in Pakistan and write their solution as well.

21. What is meant by capitalism? Explain the characteristics of capitalism.

22. Explain the causes of low per capita income in Pakistan. Explain the reasons
responsible f the low per capita income of Pakistan.
23. State causes of inflation.