MCQOPTIONS
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MCQOPTIONS
This section includes 8 Mcqs, each offering curated multiple-choice questions to sharpen your Central Superior Service Test (CSS) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A closed economy is best described as one in which: |
| A. | There are no monopolies |
| B. | No corporations |
| C. | No externalities |
| D. | No international trade |
| Answer» E. | |
| 2. |
A closed economy is one which: |
| A. | Does not trade with other countries |
| B. | Does not possess any means of international transport |
| C. | Does not have a coastal line |
| D. | Is not a member of the United Nations Organisation |
| Answer» B. Does not possess any means of international transport | |
| 3. |
A business organistion has constant and invisible interaction with its: |
| A. | Employees |
| B. | Suppliers and customers |
| C. | External environment |
| D. | Government |
| Answer» D. Government | |
| 4. |
A bank has Rs. 5 million in cash. The minimum reserve ratio is 20%. What is maximum potential increase in total deposits: |
| A. | 0 |
| B. | 5 m |
| C. | 10 m |
| D. | 25 m |
| Answer» E. | |
| 5. |
A bank account is a: |
| A. | Personal account |
| B. | Real account |
| C. | Liability account |
| D. | Nominal account |
| Answer» B. Real account | |
| 6. |
40% of income of federal government is obtained from: |
| A. | Income tax |
| B. | Excise tax |
| C. | Import tax |
| D. | Property tax |
| Answer» B. Excise tax | |
| 7. |
10-rupees note is issued by: |
| A. | National Bank |
| B. | State Bank |
| C. | Govt. of Pakistan |
| D. | Governor State Bank |
| Answer» C. Govt. of Pakistan | |
| 8. |
10-rupee note is issued by: |
| A. | National Bank |
| B. | State Bank |
| C. | Govt. of Pakistan |
| D. | Governor State Bank |
| Answer» C. Govt. of Pakistan | |