Embargoes are designed to:
(a) Promote trade of prohibited goods
(b) Restrict trade of particular commodities-✔️
(c) Restrict trade of drugs
(d) None of the above
When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves - that is called:
(a) Laissez faire
(b) Liberal Trade region
(c) Free Trade zone-✔️
(d) All of the above one
Which one among the following statements is truly explain the 'Laissez Faire' theory?
(a) State should refrain from all intervention in economic affairs-✔️
(b) State should manage every field of economic activities for the benefit of the public
(c) There should be fair distribution of wealth in the society
(d) None of the above one
The lowest number of people living below the poverty line among the SAARC Countries are in:
(a) Bangladesh
(b) Pakistan
(c) Nepal
(d) Sri Lanka-✔️
Family Planning in rural areas hampered mainly due to:
(a) Deficiency in planning
(b) Lack of knowledge-✔️
(c) Psychological and Social Orthodoxy
(d) Non-availability of devices
Both-way trade between two countries is also known as:
(a) Government Expenditure
(b) Fiscal Revenue
(c) Volume of Trade-✔️
(d) Terms of Trade
Trade by exchange of Commodities is called:
(a) International Trade
(b) Foreign Exchange
(c) Line of Credit
(d) Barter Trade-✔️
Tax on a Commodity according to its volume is:
(a) Real tax
(b) Direct Tax
(c) Indirect Tax
(d) Ad Valorem Tax-✔️
Who is the first Tax Mohtasib of Pakistan?
(a) Justice (R) Saleem Kazmi
(b) Justice (R) Allah Nawaz
(c) Justice (R) Ijaz Nisar
(d) Justice (R) Saleem Akhtar-✔️
Safety stock of grains held by the government is:
(a) Surplus stock
(b) Overhead stock-✔️
(c) Buffer stock
(d) Overall stock
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