Economics MCQs 11

Out of total wheat production in Pakistan Punjab contributes around :
(a) 65%
(b) 73%-✔️
(c) 79%
(d) 83%

The largest portion of sakne area of land in Punjab is in:-
(a) Faisalabad Divisional
(b) DG Khan Division
(c) Multan Division
(d) Bahawalpur Division-✔️

The total area Pakistan has under forestation is estimated at:
(a) 5,062millionacres
(b) 8,095 million acres-✔️
(c) 9,900millionacres
(d) 12,300millionacres

National income is the sum of:
(a) Income of all the rich people of the country
(b) Income of all industrialists of the country
(c) Income of all the agriculturists in the country
(d) Income of all the people in the country during a year-✔️

GDP (Gross Domestic Product) is the value of all goods and services:
(a) Produced in the country with foreign resources during a year
(b) Produced within the geographical boundaries of a country during a year-✔️
(c) Produced by the factors belonging to the country working in or outside the country
(d) None of the above

GNP (Gross National Product) is the total value of goods and services:
(a) Produced in a country with domestic or foreign factors
(b) Produced by the factors belonging to the country working in or out of the country-✔️
(c) Produced by the factors belonging to the country working abroad
(d) None of the above

National income is essentially composed of:
(a) Annual income of Central Government
(b) Total wealth of a Nation-✔️
(c) Income derived from taxes by the Central Government
(d) Annual income of citizens of a country

Which of the following of Punjab has the lowest population density?
(a) Rajanpur-✔️
(c) Layyah
(b) Bahawalpur
(d) DG Khan

National income is essentially composed of:
(a) All wealth of a nation
(b) Annual income of the central government
(c) All incomes of the people of the country in a year-✔️
(d) Income derived from taxes by the central government

The value of the vegetables a retired school teacher grows in his lawn is excluded from the calculation of national income because:
(a) Retired person's activities are not included in calculating national income
(b) The goods are not exchanged through the market mechanism
(c) It would involve double counting
(d) There is no way of imputing the value of such goods-✔️