Online Test

Question # 1

Who among the following talked of Political decay?

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Huntington

David Apter

Organski

Lucian Pye

What is a reflationary policy?

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Increases aggregate supply

Increases aggregate demand

Decreases the price level

Increases full employment

The situation with increasing unemployment and inflation is termed as:

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Hyperinflation

Reflection

Stagflation

Galloping

The reason for cost push inflation is:

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Increase in money wages

Increase in rate of profit

Both of above

None of the above

An Australian superstition concerning the number 87 by association 187,287 etc:

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The English number

Napoleon

Nelson

The Devil's number

Which of the following would decrease aggregate demand?

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Increased consumption

Increasing export revenue

Increasing taxation revenue

Increased investment

Passive factor of production is:

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Only land

Only capital

Both land and capital

Neither land nor capital

What does the Latin word 'chronos' mean?

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Circle

Old

Time

Distance

What is a hard currency?

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Whose external value is increasing

Which can be acquired only with official permission

Which can be obtained only against sale of gold

Which is accepted in International transactions

Which of the following is not an indirect tax?

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Land revenue

Customs duties

Entertainment tax

Sales tax

Who among the following makes a distinction between society and state?

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Pareto

Maclver

Charles Merriam

Bryce

Which one of he following committee has admitted the existence of a nexus between the politicians bureaucrats and criminals?

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Vohra committee

Santhanam committee

Narshimhan committee

Kripalani committee

The effects of inflation on the price competitiveness of a country products may be offers by:

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An appreciation of the currency

A revaluation of the currency

A depreciation of the currency

Lower inflation abroad

When total revenue is increasing:

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Marginal revenue may be either positive or negative

The demand curve is relatively inelastic

marginal revenue is positive

marginal Revenue is negative

earning form primary products are often us unstable because:

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Demand is price elastic

Supply is price elastic

Supply conditions are relatively stable

Supply conditions are unstable

To control inflation the central bank should do:

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To sell government securities and to decrease bank rate

To sell government securities and to increase bank rate

To purchase government securities and to increase bank rate

To purchase government securities and to decrease bank rate

What is the full form of the LASER?

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Leg Amputation by Stimulated Emission of Radiation

Light Amputation by Systematic Emission of Radiation

Light Amplification by stimulated Emission of Radiation

Light Amputation by Stimulated Exit of Radiation

Aggregated demand will increases if:

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Consumption falls

investment falls

Exports fall

Imports falls

Who among the following identified democracy wth crruption machine politics and gangsterism?

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Pareto

Laski

Robert Hahl

C. W. Millls

An increase in aggregate demand will have most effect on prices if:

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Aggregate supply is price inelastic

Aggregate supply is price elastic

Aggregate supply has unitary price elasticity

Aggregate demand is price inelastic

Marx propounded the theory of class struggle mainly in:

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The Economic and Political Manuscript

The communist Manifesto

Das capital

The Poverty of Philosophy

Profits is caused by-

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Dynamic element in the economy

Innovation

Windfall

All of the above

Who among the following initially mooted the policy of structural adjustments?

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Third world countries

Developed countries

United states of America

IMF and world Bank

Who has given the ''Deterministic or dingle factor theory'' about social change:

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Emile Durkheim

Talcott Parsons

Kari Marx

August comte

Which of the following is a global organization?

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IMF

World Bank

WTO

All of these

A paramedic reaches the scene of an automobile accident and says there are two DOAs, is that good or bad?

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Good

Bad

Both good and bad

None of these

If an increase in investment leads to a bigger increase in national income this is called the:

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Aggregate demand

Accelerator

Monetarism

Multiplier

What does pizzicato mean literally?

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Pinched

forced

pushed

happy

What is mixed economy?

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Has supply but not deman

Has demand by not supply

Has supply and demand

Has market forces and government intervention

The term was first applied to describe the efforts of United states secretary of state Henry Kissinger,beginning November Hostilities followings the Yom Kipur War?

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Track ll diplomacy

shuttle Diplomacy

Multi Track Diplomacy

Dollar diplomacy

An outward shift of the production possibility frontier may be caused by:

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An increase in demand

More government spending

Better training of employees

Productive inefficiency

PIN stand for:

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Personal Identification Number

Pass Identification Number

Personal Ideological Number

None of the above

Who among the following was the first to propound the Pluralistic Theory of Sovereignty?

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H.J.Laski

Jean Bodin

Otto Von Gierke

Maclver

According to Keynes, real inflation takes place-

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Before the level of full employment

On the level of full employment

After the level of full employment

All above are true

What is the full form of IAEA?

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International Atomic Energy Association

Indian Atomic Energy Agency

International Atomic Energy agency

International Atomic Ene3rfy Agency

The driving force that encourages people and organizations to improve their material well being is called:

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Private property

Big houses

Vacations

Profit motive

SSI is an abbreviation for which of the following?

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Supplement Security Income

Standard Supplement Income

Social Security investigation

Secret Service Investigation

If we compare GDP and GNP, then

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GNP = GDP - net income from abroad

GNP = GDP + net income from abroad

GNP = NNP - net income from abroad

GNP = NNP + net income from abroad

Which of term means the same distance form something?

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Equilateral

Proportional

Equiangular

Equidistant

Who is considered the founder of the Multi-Track Diplomacy?

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Edmund Gullion

James cable

Mr. Joseph Monville

John W,McDonald and Louis Diamond

What is Tariffs?

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Decrease the domestic prices of a product

Increase the quantity of imports

Decrease domestic production

Increase government earnings form tax

A brief story in prose or verse that teaches a moral or gives a pract6ical lesson about how to get along in life is called a:

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Myth

Dram

Folk tale

Fable

When stock market is falling is called

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Bearish

Bullish

Anti Dumping

Dumping

Karl Marx's used which term for the capitalist class, comprising the owners of the means of production:

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Causal logic

Bourgeoisie

Cohabitation

Class system

What is concurrent writ?

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Cancellation of original writ

Two identical writs

Duplicate to original writ

Additional to original writ

Who among the following thinker made the statement that, Covenant without sword are but words and of no strength to secure men at all?

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Pufendorf

Hobbes

Locke

Rousseau

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

What does the term 'Beer Hall Putsch' refer to?

Choose an answer

A riot during the 1969 Munich Beer fest

Adolf Hitler's attempt to seize power in Bavaria

Paul von Hindenburg' siezure of Power of the Weimar republic

Renee el Payaso's march on Cuzcatlan

What is the full form of the NESPAK?

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New Engineering Services of Pakistan

Newly Engineering Services of Pakistan

National Engineering Services of Pakistan

National Engineering Services of Punjab

What is an ritenuto?

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A slow increase in tempo

A sudden reduction in tempo

An accented note

A fluctuation tempo that goes goes form slow to fast

A theory who stresses the rule of law is:

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Regulative law

Totalitarianism

Liberalism

None of these

World Economic Outlook report is issued annually by?

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IMF

ILO

WHO

World Bank

Dollar diplomacy term was originally coined by which president of USA?

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Theodore Roosevelt

Franklin D,Roosevelt

James Buchanan

Woodrow Wilson

Increase in fixed asset due to purchase is

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Source of fund

Fund from operation

Use of fund

None of the above

The first stock exchange in Pakistan was established in

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Lahore

Peshawar

Karachi

Islamabad

In the short term a firm will firms produce provided the revenue:

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Covers fixed costs

Covers variable costs

Covers total costs

Covers revenue

The measure of the degree of association between the values of two random variables is called?

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Correlation

Association

Regression

Co-variance

GNP is always

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Less than NN

Greater than NNP

Equal to NNp

Any of A,b,c

Barriers to entry do not include:

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Patents

Internal economies of scale

Mobility of resources

High investment costs

Process of economic development means:

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Economic change

Social change

Ethical, institutional and cultural change

All of these

An industry comprised of a very large number of sellers producing a standardized product is known as:

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Monopolistic competition

Oligopoly

Pure monopoly

Pure Competition

Globalization is likely to increase with:

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More protectionism

An increase in tariffs

More trade within countries

Greater trade flows between countries

Uruguay Round of multilateral trade negotiations:

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Started in 1986 and completed at the end of 1993

Replaced the GATT with WTO

Brought services and agriculture into WTO

all of the above

GRE Stand for:

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General Record Examination

Graduate record Examination

Graduate Reading Examination

Graduate Record Entry

The marginal revenue curve in monopoly:

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Equals the demand curve

Is parallel with the demand curve

Lies below and converges with the demand curve

Lies below and diverges form the demand curve

What is a check representing a portion of the corporate earnings or profits called?

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Dividend

proxy

stock

fringe benefits

The unproductive expenditure of the rich is Necessary to the employment of the poor:

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An impediment to the growth of an economy

Having no bearing on the economy of the rich

Having no bearing on the economy

having bearing only on the economy of the rich

The Constitutional Government Means:

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Government based on the rule of the law

A Democratic Government

All these

Maastricht Treaty is related to:

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Environment Protection

Europe unification

Limitation of Atomic Power

Unification of East and West Germany

Hobbes gives individual the right to disobey the sovereign for?

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Self Preservation

Protection of Freedom

Removing injustice

What is the meaning of the term "The Great Schism'when referring to an event in the late 14th century?

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A dispute between the King of England and the Pope

A dispute between the king of England and his parliament

A dispute between the followers of two elected popes

A dispute between the kings of Scotland and England

The state us the product and manifestation of he irreconcilability of class antagonism. Who holds the above view?

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Marx

Lenin

Bakunin

Stalin

What is "Dumping"?

Choose an answer

The sale of the sub-standard commodity

Sale in a foreign market of a commodity at a price below marginal cost

Sale in a foreign market of a commodity just at marginal cost without too much of profit

Smuggling of goods without paying any customs duty

How many countries are belonged to Euro currency?

Choose an answer

14

17

15

18

What theory explains why deflation may actually leads to an increase in GDP?

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Solow Effect

rational Expectations

Pigou effect

Adaptive Expectations

What is the main characteristic of a capialist of free market economy:

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Individuals are the owners factors of Production

Profit is the min motives of carrying out various activities

Consumer freedom

All of above

We measure national income by this method

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Expenditure method

Income method

Produnt method

All of the above

In England, to what did the term 'alderman'

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A collector of alders

Similar to a town crier but with only Bi annual duties

Another name for mayor

A civic dignitary

Menu costs in relation to inflation refer to:

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Costs of finding better raters of return

Cost of altering price lists

Costs of money increasing its value

Costs of revaluing the currency

To anticipate what the economy is going to do next the government will look at:

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Lagging indicators

Flashing indicators

Coincidental indicators

Leading indicators

Headquarter of Asian Development Bank (ADV) is located at?

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Manila

Tokyo

Bangkok

New Delhi

When the rate of money inflation increase then the prices of commodities?

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Increase

Decrease

Remain constant

Do not change

Who theory advocates only night watchman role of the state?

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Welfare state theory

Liberal Theory

Socialist Theory

Idealist Theory

Who among the following tried to establish co-r3lation between party system and electoral system:

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H,J,Laski

M,Duverger

H,M Finer

Lord Bryce

The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:

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Mixed economy

Capitalism

Traditional economy

communism

The scientific study of the sociological and Psychological aspects of aging and psychological aspects of aging and the problems of the aged is called?

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Gerontology

Ethnography

Exogamy

Incest taboo

Which of he following is to not likely is not likely to be a government objective?

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Increasing employment

Increasing economic growth

Increasing government spending

Increasing the level of exports

What is meant by the term meritocracy:

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People achieving via merit

People achieving via accident of birth

People achieving because of who they know

None of these

''The State in which all authority and powers are vested in a single center, whose will and agents are legally omnipotent over the whole are'' is known as:

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Unitary Government

F3ederal Government

Parliamentary Government

Presidential Government

What do we call the conversation between tow or more characters:

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Dialect

Irony

Connotation

Dialogue

Which of the following is not a macroeconomic issue?

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Unemployment

Inflation

The wages paid to footballers

Economic growth

What is the full of the NASA:

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National Aeronautics and space administration

Natural Aeronautics and space administration

natural Administration and space administration

Natural administration and space agency

If the price in a market is fixed by the government below equilibrium:

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There is excess equilibrium

There is excess supply

There is excess demand

There is equilibrium

What is the technical name for conventional genre of poetry that usually celebrates the simplicity of rural life:

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Pastoral

Epic

Elegy

Ode

Who said the history of all hiterto existing society is the history of class struggle,''?

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Engels

Marx

Lenin

Trotsky

Globlization is made more difficult by:

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The actions of the world Trade organization

The removal of protectionist measure

Exchange rate instability

More free trade agreements

If you were being treated extremely well by someone and they made you fell really special, It is said that you are getting the _____ treatment?

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PIP

^VIP

PPI

XSP

The sudden and violent overthrow of a government almost invariably by military is termed as:

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Revolution

Political change

Coup d' etat

none of these

Which of the following is not involved with fiscal policy?

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Income tax

VAT

National insurance

Interest rates

Which property the paper money does not possess

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Acceptability

Divisibility

Durability

Portability

This is known as the uncertainty or anxiety the reader feels about what will happen next in a story.

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Suspense

Theme

Symbol

Motivation

What is meant by the the 'The Big four'?

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The Powers contesting global dominance in the sixtes

Representatives of the main victorious Powers at the paris peace conference after WW1

The powers at the Yalta conference of WW2

The Powers involved during the American Revolutionary War

What do you do to a note when there is an inverted Von top of it?

Choose an answer

It doesn't mean anything The composers just wanted pictures of mountains and shark fins!

Make the cote long and vibrated

Make the tone sharp and ugly

Make lth note short and accented

A movement along the demand curve may be caused by

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A change in income

A change in the number of buyers

A change in advertising

A shift in supply

Which one of the following according to Morgenthau is not a vital component of national interest?

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Physical identity

Political identity

Cultural identity

Individual identity

The public sector includes:

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Investors owing companies

Government ownerships of assets

Market forces of supply of and demand

All trade via barter

An attempt at a cut short, which hits the bottom edge of the bat and travels into the area behind square leg.

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Portuguese cut

Spanish Cut

French Cut

Italian Cut

When was Bank of Central African States formed?

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1974

1978

1973

1979

A budgetary deficit means:

Choose an answer

Total expenditure is more than total revenue

Current expenditure is more than current revenue

Capital expenditure is more than capital revenue

Total expenditure is more than current revenue

When was west African Monetary and Economic Union found?

Choose an answer

1991

1994

1992

1995

GEAC is an important organization in India, What is its full form?

Choose an answer

General eating and acting committee

General engineering Approval corporation

Genetic Engineering Approval Committee

Genetic Engineering Approval Corporation

Incommon meaning inflation is a condition in which-

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Price of commodity increases

Value of money decreases

Price of commodity and value of money both increases

Price of commodity increases and value of money decreases

Which of the following established as the Breton Woods Conference in 1944?

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IMF

World Bank

WHO

Both a & b

A Parliamentary Government cannot function without:

Choose an answer

Write Constitution

Rigid constitution

Political Parties

Independent Judiciary

FSBS means:

Choose an answer

Finger stick body sugar

Final stick blood sugar

Finger strict Blood sugar

Finger stick blood sugar

Depletion method of depreciation is used in case of:

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Cattle, Loose Tools, etc

Mines, Quarries, etc

Machinery, Building, etc

Books

Who is a Lame Duck in a stock market?

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A Naive investor

A new investor

A member of the stock exchange who cannot meet his obligations:

A member of the stock exchange who is engaged in insider trading

What was meant by the term 'Bluestockings'?

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A term used to describe 18th century guilt stocks

Senior Knight of he Garter

An unflattering term of describe an educated woman

A term used to describe an expensive

Investment depends mainly on:

Choose an answer

Past levels of income

Futures expected profits

Present National Income levels

Historic data

What does stesso mean?

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Same

more motion

stop

quicker

"Never has any one ruled on earth by basing his rule essentially other than the public opinion"Who has made this statement:

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Jose Ortegag Gassel

J,S,Mill

Lord Bryce

Morris Ginsberg

The free market involves:

Choose an answer

The free provision of products

The subsidising of products by the government

Market forces of supply and demand

All trad via barter

In the medical field and Psychology the abbreviation ADD stand for what?

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Adrenal Glandular Dysfunction

Atrium Deficit disorder

Arterial Distal Disorder

Attention Deficit Disorder

Economic growth can be measured by:

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The CPI

The CBI

GDP

MPC

What minimum price is acceptable by a firm in the short-period?

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Equal to AC

Equal to AVC

Equal to AFC

Equal to TC

What is patriarchy?

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Domination of society

Domination of society by women

Domination of society by men

None of these

A political theory said that when a particular group is entitled to give legitimate orders over some area is know as:

Choose an answer

De Jure rule

De Facto rule

Executive rule

All of above

When internal economics of scale occur:

Choose an answer

Total costs fall

Marginal costs increase

Average costs fall

Revenue falls

What does LAPES stand for?

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Low activity Parachute Extraction system

Low altitude parachute extraction system

Low Area Parachute Evaluation service

Lightly Articulate Pulmonary Extension

Who among the following has maintained that the modern liberal democratic state has become an industrial state:

Choose an answer

Galbraith

MacPherson

Keynes

Roosevelt

Who among the following is associated with 'Cicic-Sovereignty,Theory?

Choose an answer

John Devey

John Strachy

R,H Tawney

S,G,Hobson

Fire Insurance is based on the principle of

Choose an answer

Utmost Good faith

Insurable interest

Indemnity

Cooperation

Developing economies usually:

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Have large industrialized sectors

Are dependent on primary products

Have high levels of wealth

Earn more form exports than is spent on imports

Products that increase the usefulness or value fo other products?

Choose an answer

substitutes

complements

income effects

Goods

An expansionist fiscal policy could include:

Choose an answer

Lower interest rates

Increased landing by the banks

An increase in corporation tax

An increase in discretionary nary government spending

'Closed Economy' is that economy in which:

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Only export takes place

Money supply is fully controlled

Deficit financing takes place

Neither export nor import takes place

Gross National Product is equal to?

Choose an answer

Net National product adjusted for inflation

Gross Domestic product adjusted for inflation

Gross Domestic product plus net property income from abroad

Net National Product plus not property income from abroad

What is a 'buttock line'?

Choose an answer

A row of locking gimbals

The location at which cockpit seats are located

An imaginary vertical line that separates the right and left side of an aircraft

The alignment of landing gear wheels installed on an aircraft

Where is the headquarters of African Development bank?

Choose an answer

Abidjan

Niger

Nambia

Nigeria

What does contemporary mean?

Choose an answer

Form the past

Form the actual time

None of the these

The term 'Socialism' was first used by

Choose an answer

Robert Owen

Karl Marx

Lenin

Bernstein

What is the full form of the RADAR?

Choose an answer

Rays Detecting and Ranging

Radio Detecting and Ranging

Radiio0n Deceading and ranging

Radio Detecting and Roaring

The tendency to assume that one;s culture and way of life represent the norm or are superior to all others:

Choose an answer

Incest taboo

Endogamy

Ethnocentrism

Dependency

Who prepared budget of Pakistan?

Choose an answer

National Assembly

President of Pakistan

Ministry of France

State Bank of Pakistan

IACHR is a court for human rights of the given options Which is the correct full form?

Choose an answer

International American Court for Human Rights

International Asian court for Human rights

International African Court for Human

Inter-Asian Court for Human Rights

What is hindsight?

Choose an answer

Always moaning and groaning - not listening to anyone else,just yourself

Using the outcome of event to make decisions about them

Looking back wards all the time never looking to the future

None of these

Which factor is not related to economic development?

Choose an answer

Continuous process

Increase in real national income

Long run and continuous increase

Compulsory change in economic walfare

Who became the first president of the European Central Bank?

Choose an answer

Wim Duisenberg

Jean-Claude Trichet

Alexandre Lamfalussy

Philippe Maystadt

What does M.R.E stand for?

Choose an answer

Monthly Readiness Exercise

Meals Ready to Eat

Mission readiness entrance

Meals Rarely Eaten

Monopoly is when there is a single:

Choose an answer

Seller

Market

Buyer

Game

For a perfectly competitive firm:

Choose an answer

Price equals marginal revenue

Price is greater than marginal revenue

Price equals total revenue

Price equals total cost

What is a grace note?

Choose an answer

A long played after a beat

A note that switches form 2 tones rapidly and rapidly and repeatively

A form of notation that some composers writer in

A usually short note, that is written smaller than normal and is mostly played before a beat

Which UN organization is called is the World Bank?

Choose an answer

International Banks for Reconstruction and Development (IBRD)

International Banking system

International Banking Management system

All the Above

What is the full form of the CNN:

Choose an answer

Common News Network

Cable News Network

Cable National Network

Cable natural Network

The reduce the Federal funds rate the fed can:

Choose an answer

Buy government bonds form the public

Increase the discount rate

Sell government bonds to commercial banks

Increase the prime interest rate

What is Blue chips shares?

Choose an answer

Those shares which are listed in stock Exchange

Those shares on whom dividend is paid at higher rate regularly

Those share whose guarantee is given by Government

Those shares which are issued at first time

A market with few entry barriers and with many firms that sell different product is:

Choose an answer

Purely competitive

A monopoly

Monopolistically competitive

Oligopolistic

What does the term 'Beer' Hall Putsch' refer to?

Choose an answer

A riot during the 1969 Munich Beer fest

Adolf Hitler' s attempt to seize power in Bavaria

Paul von Hindenburg's siezure of power of the weimar Republic

Renee el Parasol march on Cuzcatlan

Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?

Choose an answer

Textile industry

Engineering industry

Sugar industry

Iron industry

Ina parliamentary form of government minsters are appointed by:

Choose an answer

The head of he state at his discretion

The head of the government

The legislature

the head of he state on the recommendation of the head of the government

Demand for Primary products is likely to be:

Choose an answer

Very sensitive to price

Price elastic

Unit elastic

Income inelastic

According to Marshall, the basis to consumer surplus is:

Choose an answer

Law of diminishing marginal utility

Law of equimarginal utility

Law of proportions

All of the above

Market where goods and services are offered for sale?

Choose an answer

Factor market

product market

productivity

service

who among the following is associated with the Iron Law of Oligarchy?

Choose an answer

Michels

Mosca

Mills

Laski

What is full form of the OAU?

Choose an answer

Organization of Asian Unity

Organization of African Unity

Organization of American Unity

Organization of Allied Universities

ADC is an abbreviation used in the social work field and court system. what does tit stand for?

Choose an answer

aid to deceased children's families

aid to dependent children

aid to developing crisis plans

What is the single most important factor that makes the markets works?

Choose an answer

Money

Alan Greenspan

Markets don't works

Greed

Which country used Giant Pandas as diplomatic gifts to other countries (this term is famous as panda Diplomacy)?

Choose an answer

China

USA

France

Uruguay

It is true that there is no state where there is no over-ruling force, But the exercise of force does not make a state otherwise a pirate ship or the mutinous army would be a state,Who has reade this statement?

Choose an answer

Fredrick Angles

Robert Maciver

H, J, Laski

Max Weber

Contribution of agriculture in Pakistan's national income is

Choose an answer

20%

24%

28%

26%

ESPN stand for:

Choose an answer

Entertainment sports network

entertainment sports programming News Paper

Entertainment sports Programming Network

None of the above

Pakistan started its first five-year plan in

Choose an answer

1947

1950

1955

1960

Pure monopoly means:

Choose an answer

Any market in which the demand curve to the firm is down sloping

A standardized product being produced by many firms

A single firm producing a product for which there are no close substitutes

A large number of firms producing a differentiated product

Net investment is

Choose an answer

Gross investment minus household investment

Gross investment minus govt.investment

Gross investment minus capital consumption allowance

None of the above

What is a rug?

Choose an answer

A lawn

a sleeping bag

a toupee

a lap robe

Who coined the Modern meaning of the term ''public diplomacy'' in 1965?

Choose an answer

Edmund Gullion

James cable

Mr,Joseph Montville

David Hoffman

FMCT stand for:

Choose an answer

Fossil Material cut-off Treaty

Fissile Material Cut-off Treaty

Fissile Cure-off Treaty

Fissile Material Cut-off Terms

Government of Pakistan issued currency on the basis of:

Choose an answer

Availability of gold in the country

Availability of dollars in the country

Demand for money in the country

Tax collection

Who issue 10-rupee note?

Choose an answer

National Bank of Pakistan

State Bank of Pakistan

Govt of Pakistan

Governor of Pakistan

UNA stand for:

Choose an answer

Urgent Access Number

Universal Access Number

Universe Access Number

None of above

Which one of he following is an essential feature of he presidential system:

Choose an answer

Collective responsibility

Fixed term

Accountability to legislature

Nominal head of he state

Colin Evans recognized to be the world's leading trade diplomat is related with which kind of Diplomacy?

Choose an answer

Track I diplomacy

Track II diplomacy

Shuttle diplomacy

Freelance Diplomacy

Which of the following is not required while computing Gross National product (GNP)?

Choose an answer

Net foreign investment

Private investment

Per Capital income of citizens

Purchase of goods by government

Who said ''Man is born free but every where he is in chains?

Choose an answer

Hobbes

Locke

Rousseau

Marx

Fir stand for:

Choose an answer

First information Report

Final information Report

Fundamental information Report

Final information Record

Investment is defined as a-

Choose an answer

Deployment of a sum in business operations

Purchasing an interest bearing bond

Change in the stock of capital

All the above

What does FPCT stand for?

Choose an answer

fielding percentage

fielding Put outs

fielding pick offs

fielding errors

Which measure can check inflation?

Choose an answer

surplus budgeting

Increase in Direct taxation

Curtaliment in Public expenditure

All of these

Who Defined sovereignty as the supreme authority which is independent of any other earthly authority?

Choose an answer

Kelsen

Willoughby

Oppenheim

Bentham

Where is he headquarters of the world federation of Trade union:

Choose an answer

Czech Republic

Russia

U.K.

U.S.A

What is meant by the term the Grey shirts movement?

Choose an answer

Belgian Neo-Nazis

An American right-Wing movement

Italian Liberal Movement

South African Nationalists

What is a sequence of steps leading to a desired end?

Choose an answer

Algorithm

Hierarchy

Ambiguous

Sector

In a cartel member firm may be given be given a fixed amount to produce. This is called a:

Choose an answer

Limit

Factor

Quota

Quotient

ICAO is another important UN Agency, What does not ICAO stand for?

Choose an answer

International Civil Aviation Organization

International control of Aeroplanes Organization

International Concorde Air planes Organization

International committee of approval of new organizations

Adam Smith's The Wealth of nations was published in:

Choose an answer

1772

1773

1774

1776

In the world population-wise Pakistan is

Choose an answer

3rd

4th

6th

8th

What is necessary to control cost push inflation?

Choose an answer

To impose control on wages of labour

To remove market imperfections

Both of the above

None of the above

Marx borrowed Dialectical Method form:

Choose an answer

Locke

Rousseau

Hegal

Green

If a few firms dominate an industry the market is known as:

Choose an answer

Monopolistic competition

Competitively monopolistic

Duopoly

Oligopoly

The charge in quantity demanded because of the change in the relative price of the product?

Choose an answer

Change in quantity demanded

Change in demand

Law of demad

Substitution effect

Friedman's theory of consumption focuses on:

Choose an answer

Past income

Current income

Disposable income

Permanent income

The concept of premium applies to a person that is:

Choose an answer

Risk loving

Risk averse

Risk neutral

None of them

Sometimes a physiclan orders a BMP ft measure the basic electrolyte levels in your blood,l What does the acronym BMP stand for?

Choose an answer

Basic Medication panel

Basic metabolic Panel

Bone measuring panel

Blood Measuring panel

In the factors for production market what do the house holds sell to the firms?

Choose an answer

Income

Labour

Goods and services

Rent

What is meant by the term meritocracy?

Choose an answer

People achieving via merit

People achieving Via accident of birth

People achieving because of who they know

None of these

A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?

Choose an answer

Revenues

Cooperative

Horizontal merger

Labour union

What do we4 call the series to related events that make up a story:

Choose an answer

Novel

Foreshadowing

Myth

Plot

According to Bushido (Way of the Warrior) which act is the ultimate test of loyalty (Japanese term )?

Choose an answer

harikiri

Sengoku

Kamakura

Moritomo

Which term means the same distance form something?

Choose an answer

Equilateral

Proportional

Equianglular

Equidistant

The requirement that people select mates outside certain groups:

Choose an answer

Exogamy

Ethnography

Endogamy

Incest taboo

Carne Ross former British diplomat is related:

Choose an answer

Freelance Diplomacy

Track II diplomacy

Shuttle diplomacy

Track I diplomacy

The concept of disinvestment was introduced by:

Choose an answer

Friedman

Kaldor

Keynes

Myrdal

A fall in interest rates is likely to:

Choose an answer

Increase aggregate demand

Increase savings

Decrease consumption

Decrease exports

A shift in aggregate supply is likely to:

Choose an answer

Reduce the general price level and reduce and national income

Reduce the general price and level and increase national income

Increase the general price level and reduces national income

Increase the general price level and increase the national income

If employes cannot accept a job because of the cost o moving this is known as:

Choose an answer

occupational immobility

Cyclical unemployment

Structural immobility

Geographical immobility

When was Asian Development bank established?

Choose an answer

1966

1967

1968

1965

Who determines price under perfect competition?

Choose an answer

Representative firm

Industry

Normal firm

Government

BYOB stand for:

Choose an answer

Bring your own Bottle

bring your own body

body your own bottle

bone of the above

Who is known as Father of scientific Management?

Choose an answer

Henry Fayol

Elton Mayo

Chester Bernard

F.W Taylor

Which of the following is an indirect tax?

Choose an answer

Coroporation tax

Excise Duty

Wealth tax

Capital Gains tax

A State without a Constitution would not be a state but a regime of anarchy, This is state by:

Choose an answer

Aristotle

Bryce

Jellineck

Dicey

What was the meaning of the term the Cisalpine Republic?

Choose an answer

Republic formed by Napoleon Bonaparte

A Frankish republic

Part of he Roman Republic

A republic set up by Giuseppe Garibaldi

The term dollar is not a part of the name of the currency in which of the following countries?

Choose an answer

Malaysia

Italy

Singapore

USA

The former policy of the south African government designed to Maintain the separation of Blacks and other non-Whites form the dominant whites is called:

Choose an answer

Alienation

Apartheid

Closed system

Control group

Which of the following is not a way of helping developing economies?

Choose an answer

Aid

Loans

Protectionism of developed markets

Training and education programmes

Sometime a doctor orders radiology test, When he writes PCXR, what is he ordering:

Choose an answer

Probable chest X-Ray

Primary Chest X-Ray

Portable Chest X-Ray

Possible Chest X-Ray

Which of the following is not an item of transfer payment?

Choose an answer

Pension

Scholarship

Dividend

Subsidy

Black money is:

Choose an answer

Counterfelt currency

Illegally earned money

Money earned through underhand deals

Income on which payment of tax is usually evaded

The nature of statistical inference is?

Choose an answer

Inductive

Deductive

Descriptive

Objective

In comparison to revenue deficit; the size of fiscal deficit is always

Choose an answer

Higher

Smaller

Similar

Uncertain

When you consume more and more of a commodity continuously, your total satisfaction level will?

Choose an answer

Decrease

Fluctuate

Remain

Increase

Land is the only factor of production whose supply is?

Choose an answer

More Elastic

Perfectly Elastic

Perfectly Inelastic

Unitary Elastic

According to the law of demand,when:

Choose an answer

Price increases demand decreases

Price decreases demand decreases

Price increases demand increases

Price decreases demand does not change

Where is the European central bank Located:

Choose an answer

Luxembourg

Basel

Frankfurt

London

A system in which private citizens own the factors of production:

Choose an answer

Traditionalism

Communism

Capitalism

Profit

Who defined "Economics is the Science of Wealth"?

Choose an answer

J.K Mehta

Marshall

Adam Smith

Robbins

Vote by which all of the people of state or territory express an opinion for or against a proposal especially form the government is known as:

Choose an answer

Plebiscite

By-election

Sub-election

special-election

Which one of the following is not an element of Democratic Socialism?

Choose an answer

Welfare state

Mixed economy

Social justice

Revolutionary change

A multinational business:

Choose an answer

Sells products abroad

Produces in more than one country

Imports form abroad

Sells only domestically

Economics word is derived form language of:

Choose an answer

Greek

French

Latin

Italian

Which of the following best expresses the law of demand:

Choose an answer

A high price reduces demand

A lower price reduces demand

A higher prices reduces quantity demanded

A lower prices shifts the demand curve to the right

POTA stand for:

Choose an answer

Prohibition of Terrorist Act

Prevention of Terrorist Act

Prevention of Territorial Act

Prevention of Terrorist Agency

A reduction in the money supply is likely to:

Choose an answer

Reduce the interest rate

Increase the interest rate

Increase inflation

Decrease deflation

Under new GATT agreements textile trade related to Multi- Fiber Arrangement (MFA) has to be abolished within?

Choose an answer

5 Years

10 Years

15 Years

20 Years

Who developed the innovation theory of profit?

Choose an answer

Shumpeter

Haley

Prof,Knight

Karl Marx

The liquidity trap occurs when the demand for money:

Choose an answer

Is perfectly interest elastic

Is perfectly interest inelastic

Means that an increase in money supply leads to a fall in the interest rate

An increase in national income is likely to:

Choose an answer

Decrease tax receipts

Worsen the balance of trade

Automatically cause an increase in government spending

Cause an increase in injections into the economy

Andante is usually described as:

Choose an answer

Brisk

Walking Pace

frenzied

Slow

Which sociologist coined the term sociological imagination?

Choose an answer

C.Wright mills

max Weber

James Frazer

Emile Durkheim

A constitutionally recognized body is-

Choose an answer

Planning Commission

Finance commission

Forward Commission

Farmers Commission

Fiscal deficit in the budget means:

Choose an answer

Revenue deficit plus the net borrowings of the government

Budgetary deficit plus the net borrowings of the government

Capital deficit plus revenue deficit

Primary deficit minus capital deficit

Demand pull inflation may be caused by:

Choose an answer

an increase in costs

a reduction in interest rate

a reduction in government spending

an outward shift in aggregate supply

An increase in price all other things unchanged leads to:

Choose an answer

Shift demand out outwards

Shift demand inwards

A Contraction of demand

An extension of demand

What is the full form of he NIPA?

Choose an answer

national Institute of Public Administration

New institute of Public Administration

National institute of Pakistan

National institute of Provincial Administration

What does the teem ''contigency workforce'' mean?

Choose an answer

employees who works on whatever tasks are most essential at that moment

employees who are expected to travel a great deal for their employers

temporary employees who are hired for only as they are needed

None of these

For Precise measurements of small weights we use the term'troy' what is its historic origin?

Choose an answer

The word is linked to the idea of ' three and is related to the Russian troika

Unit of Weight current in the medieval town of Troy

Unit of weight current in the medieval town of Troyes in France

It was first used by Heinrich Schliemann tor the fine measurements of weight he had to carry out whe

Which of the following cannot be accepted factor of production?

Choose an answer

Land

Labour

Light of sun

Capital

What does 'the Civic List' man and refer to in the UK?

Choose an answer

Money paid by the taxpayer for the upkeep of civil rights groups

Money paid by the taxpayer for the upkeep of the unemployed

Money paid by the taxpayer for the upkeep of the Royal family

Money paid by the taxpayer to servicemen recently discharged form the armed forces

Who among the following formuated the most system doctrine of sovereignty?

Choose an answer

Gourtius

bodin

Austlin

Locke

A pressure works for the Welfare of:

Choose an answer

Weaker sections of the society

All section of the society

Its members only

government employees

Which of the following is not a feature of Unitary System of the Government?

Choose an answer

Administrative unity

Administrative empowerment

National unity

A coordination between national unity and Local self administration

Which of hr following can the government not use directly to control the economy:

Choose an answer

Pay rates within the private sector

Pay rates in the pubic sector

Investment in education

Benefits available for the unemployed and sick

The difference between gross investment and net investment is:

Choose an answer

Depreciation

Acceleration

Capital investment

Deceleration

In marketing ''USP'' stands for:

Choose an answer

Unique selling Propositions

Underlying sales

Unit sales point

Under sales Procedure

The Phrase ''citizen diplomacy'' was first coined by:

Choose an answer

Edmund Gullion

James Cable

Mr.Joseph Montville

David Hoffman

The primary use to the kinked-demand curve is to explain price rigidity in:

Choose an answer

Oligopoly

Monopoly

Perfect competition

Monopolistic competition

Who among the following was a great supporter of he Divine Theory of origin of the State?

Choose an answer

Bentham

J,S, Mill

Hobbes

James I

In traditional economic theory four types of markets are identified. Which of the following is not one of them?

Choose an answer

Capital Control Market

Monopoly

Monopolistic Competition

Oligopoly

The basic different between the ''short run''and the ''long run'' is that:

Choose an answer

All cost are fixed in the short run, but all costs are variable i8n the long run

The law of diminishing returns applies in the long run, but not in the short run.

At least one resource is fixed in the short run while all resources are variable in the long run

Economies of scale may be present in the short run, but not in the long run.

Who among the following is an acclamied analyst of political parties?

Choose an answer

Lasswell

Laski

Huntington

Duverger

Which does not belong in SPORTS?

Choose an answer

Releases

Slap

Touch

Pull

Which kind of diplomacy dealt with all actions by non-state actors in the field of foreign affairs?

Choose an answer

Track I diplomacy

Track II diplomacy

Shuttle diplomacy

Dollar diplomacy

The communist manifesto was first published in which language?

Choose an answer

English

French

German

Russian

Where could you most likely have seen the letters TWA?

Choose an answer

Army base

Church

Airport

Gift store

The ideal of 'positive liberty' was first conceived by:

Choose an answer

Aristotle

Hegel

Green

Laski

Marshall's representative firm is a long-run average firm while optimum firm is a:

Choose an answer

Maximum cost firm

Minimum cost firm

Marginal cost firm

Average cost firm

Movement of individuals or groups form one position of a society of a society's stratification system to another is known as:

Choose an answer

Social change

Social mobility

Vertical mobility

None of these

RAW stands for:

Choose an answer

Research and Analysis wing

Reorganize and Analysis wing

Research and Annihilation wing

Research and analysis workers

The part of economics that deals with behavior and decision making by small units, such as individuals and firms?

Choose an answer

Economics

Unlimited life

Organizational chart

Microeconomics

What is termed to order an accused person to be kept in custody or placed on ball pending further court appearance?

Choose an answer

Remand

Custody

Arrest

Prosecuting

The asset demand for money:

Choose an answer

Is unrelated to both the interest rate and the level of GDP

Varies inversely with the rate of interest

Varies inversely with the level of real GDP

Varies directly with the level of nominal GDP

Price are likely to be least flexible:

Choose an answer

In oligopoly

In monopolistic competition

where product demand ins inelastic

In pure competition

Bicameralish is an essential feature of:

Choose an answer

Parliamentary system

Presidential system

Federal system

Unitary system

When a bank loan is repaid the supply of money:

Choose an answer

Is constant but its composition will have changed

Is decreased

Is increased

May either increase or decrease

Blue Revolution is related to:

Choose an answer

Space research

Poultry

Fisheries

Drinking water

Who among he following talked of development tarp'?

Choose an answer

Lucian Pye

Fred Riggs

Myron Weiner

Edward shils

Liberty is increased when sovereignty is put into the right hands' Who has made this statements?

Choose an answer

Friedman

Hayek

I, Berlin

L, strauss

What does sempre mean?

Choose an answer

Until

Quiet

Stop

Always

The term 'Ethnic' is derived form the ______ word meaning 'nation'

Choose an answer

Latin

Greek

Malayalee

Polynesian

Which of the following is not a supply side measure?

Choose an answer

increased training

Providing more information

Helping individuals to move location to find work

Increasing spending on existing industries

Which of the following is an economic activity?

Choose an answer

Teaching of a teacher in the school

To teach son at home

To serve her child by mother

To play football by a student

Who among the following is the exponent of Game theory?

Choose an answer

Martin Shubik

Kari Deutsch

Palamer and parkins

joseph Frankel

When did World Trade Organization replace GATT?

Choose an answer

1 January 1995

1 January 1998

1 December 1999

1 June 2000

World trade has been increasing due to:

Choose an answer

Increased tariffs

Increased legal barriers

Increased embargoes

Reduced protectionism

A significant increase in the government budget deficit is likely to:

Choose an answer

Reduce injections into the economy

Reduce national income

Move the economy away from full employment

Boost aggregate demand

What usually constitutes the main source of a governments income:

Choose an answer

Loans

Taxes and levies

Profits form business undertakings

Grants form world Bank

The on-going melt down had its origin in:

Choose an answer

The real sector

The financial sector

The service sector

The textile sector

The abbreviation NASA stands for which of the following:

Choose an answer

National Association safely Association

National Aeronautics and Space

National Aeronautics and Space Admi9nsitraion

North American Space Administration

If you doctor ordered and EKG or ECG, What part of Your body Would be tested:

Choose an answer

Eyes

Bladder

Brain

Heart

Ultimate burden of tax is known as

Choose an answer

Impact

Incidence

shifting of tax

Property tax

If the economy grows the government's budget position will automatically:

Choose an answer

Worsen

Improve

Stay the same

Increase with inflation

In a less Developed Country:

Choose an answer

The Infrastructure is likely to be good

Real wages are likely to be high

Unemployment is likely to be low

The primary sector is likely to be significant

Monetary Policy of Pakistan is regulated by:

Choose an answer

Money Lenders

Central Bank

Private entrepreneurs

Government Policy

According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:

Choose an answer

Downward sloping

U-shaped

Upward sloping

Vertical

In the sports a team member that has played extremely well might receive____award:

Choose an answer

VIP

WIA

TBP

MVP

A simple correlation can defined as the tendency of?

Choose an answer

Independent variation

Dependent variation

Simultaneous variation

Instantaneous variation

The term 'Animal Spirit' was used by Keynes for?

Choose an answer

Consumption

Investment

Income

Interest

The four factor payment are:

Choose an answer

Money, capital, salaries, and income

Wages, rent, interest, and profits

Money, power, prestige, and wealth

Wages, interest, salaries, and income

The concept of costing margin in the pricing theory was introduced by?

Choose an answer

Andrews

Baumol

Cournot

Williamson

'From each according to his ability, to each according to his need' is the theoretical slogan of which system?

Choose an answer

Communist system

Capitalist system

Fascist system

None of these

Profit is measured by:

Choose an answer

Revenue - fixed costs

fixed cost + revenue

Revenue - sales

Revenue - total costs

Whose opinions have revolutionized the scope of macro economics?

Choose an answer

Adam Smith

J.B Say

J,M Keynes

All of the above

According to Lucian Pye, the element of political development are:

Choose an answer

Participation integration and industrialization

Political unification,Participation and national welfare

Political unification economic development and national welfare

Equality, capacity and differentiation

When a firm is maximizing profit it will necessarily be:

Choose an answer

Maximizing profit per unit of ouput

Maximizing the difference between total revenue and total cost

Minimizing total cost

Maximizing total revenue

In education PhD stands for what?

Choose an answer

Doctor of Pharmacy

Doctor of Philosophy

Public Health Degree

Public Housing Degree

What does the FBI stand for?

Choose an answer

Federal Bureau of Investigation

Frank and Ben Inc

French Banking industry

Father Brother ideas

Feeling of loyalty and attachment to one's nation or nation-state and strong support for tits interests is known as:

Choose an answer

Loyalty

Nationalism

Patriotism

none of these

Where might you purchase an SUV?

Choose an answer

flower garden

Department store

car dealership

farmers market

Who introduced the concept of 'Permanent Income Hypothesis'?

Choose an answer

Irving Fisher

Adam smith

Milton Friedman

Franco

What did the term 'Ironclad' refer to?

Choose an answer

The first Kinghts to wear to wear amour

The first armoured vehicles

A guaranteed prposition or word of honour

A class of warships

Which of the following country's economy is know as high economy?

Choose an answer

America

U.K

Singapore

All of these

Say's law of Markets states that:

Choose an answer

Demand creates its own supply

Supply creates its own demand

Demand creates its own demand

Supply creates its own supply

What do we call a lyric ode written in honor of a bride and groom?

Choose an answer

Sonnet

Elegy

Epithalamium

Pastoral Elegy

What is an MMR?

Choose an answer

Immunization

Medical test

Airline

Device

According to the law of diminishing utility:

Choose an answer

Utility is a maximum whit the first unit

Increase units of consumption increase the marginal utility

Marginal product will fall as more units are consumed

Total utility will rise at a falling rate as more units are consumed

Who is the exponent of realist theory?

Choose an answer

Mortan Kaplan

Hans Morgenthau

Martin Shubik

John Burton

When an economy first begins to grow more slowly:

Choose an answer

GDP increases

Inflation is like to increase

Stock levels are likely to increase

Investment in equipment is likely to increase

Which of the following is an active factor of production?

Choose an answer

Land

Labour

Capital

Organization

The Keynesian theory of employment provides the solution of?

Choose an answer

Frictional unemployment

Disguised unemployment

Cyclical unemployment

Seasonal unemployment

Which is not a monetary measure to control inflation?

Choose an answer

Soft loan policy

Hard credit policy

Tight the regulation of money issue

To reduce the quantity of money

GDP plus net property income from abroad equals what?

Choose an answer

GNP

NNP

Depreciation

Real GDP

What is a 'Quasi-rents'?

Choose an answer

Are in the nature of free gifts

May be applicable to all factors of production

comprise of all the returns to firm in excess of the returns of the marginal firm

All the above

What is a kiwi?

Choose an answer

A dinner roll

A piece of fruit

A person from New Zealand

a bird that nests in the treetops

Who wrote 'The general Theory of Employment,interest and money''?

Choose an answer

Woodrow wilson

David Hume

Paul Samuelson

John Maynard Keynes

Who wrote ''An inquiry into the Nature and Causes of the Wealth of National''?

Choose an answer

Lionel Robbins

Adam Smith

Paul Samuelson

Enrico Barone

Economic development

Choose an answer

The same as economic growth

Means improvement in lifestyle

Exists when there is equal distribution of income

All of the above

Over time the price of primary products tends to fall because:

Choose an answer

Demand is income elastic

Supply is income elastic

Of outward shifts is supply

Demand is price elastic

What do glasnost and perestroika mean?

Choose an answer

Openness and economic restructuring

Isolation and Closure

War and peace

Peace and cooperation

Which does the government not control directly?

Choose an answer

Spending on health

Spending on defence

Firms investment decisions

Spending on education

What is the full form of the STD?

Choose an answer

Straight Telephone Dialing

Straight Trunk Dialing

Subscribers Talk Dialing

Subscribers Trunk Dialing

Who describes the pressure groups as the Third House of he Legislature?

Choose an answer

Lord Bryce

H,M Finer

G, D. H. Cole

Dicey

Which one of he following is not a natural element of power?

Choose an answer

Political parties

Resources

Population

Geography

VPP stands for:

Choose an answer

Value Payable post

Vary Payable post

Value payable please

Value please post

World Development report is issued annually by?

Choose an answer

IMF

ILO

WHO

World Bank

Gesang is German for what?

Choose an answer

Music

Song

Note

G Clef

The standard of living is often measured by:

Choose an answer

Real GDP per capita

Real GDP

Real GDP population

Real GDP plus depreciation

Less Developed Countries tend to have:

Choose an answer

A high average age

A slow population growth rate

High life expectancy

A low literacy rate

What is meant by the term, 'Compagnies d'Ordonnance'?

Choose an answer

French tanks of WW1

15th century French cavalry and mounted infantry

French tanks of WW2

French support troops in both world wars

Which one of he following ideologies considers political party as a vanguard of the social class?

Choose an answer

Idealism

Individualism

Fabianism

Marxism

Opportunity cast of a factor is known as

Choose an answer

Transfer earning

Money cost

Present earning

None of the above

Where is the headquarters of Caribbean Development bank?

Choose an answer

Barbados

Guyana

Trinidad

Tobago

What is a 15-sided polygon?

Choose an answer

Enneagon

Nonagon

Pentadecagon

Dodecagon

What theory explains why deflation may actually lead to an increase in GDP?

Choose an answer

Solow effect

Rational expectations

Pigou effect

Adaptive expectations

Which included Capital budget?

Choose an answer

Income received from public borrowings

Income received from tax-sources

Income received from non-tax sources

All of the above

A business owned and run by one person?

Choose an answer

All of the above

One man show

Sole proprietorship

That doesn't exist

A form of government in which minority rules outside the law is:

Choose an answer

Oligarchy

Tyranny

Aristocracy

Democracy

Sometime a patient complains of (c/o) chest pain, There are several tests that are ordered for Chest pain, but one of the first is an EKG, What does EKG stand for?

Choose an answer

Emergency Potassium Graph

Electron Counting graph

Electronic Crank graph

Electrocardiogram

Max weber's term for lower made legitimate by a leader's exceptional personal or emotional appeal to his or her followers:

Choose an answer

Causal logic

Charismatic authority

Cohabitation

Closed system

Individual cannot open his account in which of the followings banks?

Choose an answer

Babib banks

National bank

State Bank of Pakistan

Commercial Banks

Which of the following would increase aggregate demand?

Choose an answer

Increased saving

Increasing import spending

Increased taxation revenue

Increased investment

Which one of the following is not a demerit of party system?

Choose an answer

Parties fight for their own interest

Party system destroys the individuality of man

Parties produce unnatural divisions

Parties harmonise the organs of government

The credit for a advocation the legat theory of night goes to:

Choose an answer

Austin

Locke

Barker

Laski

When the stock market is rising is called

Choose an answer

Bearish

Bullish

Anti Dumping

Dumping

The maximum price that a consumer is willing to pay for a good is called:

Choose an answer

The reservation price

The market price

The first degree price

The block price

Political liberty without economic liberty is a myth, Who has made this statement?

Choose an answer

Aristotle

T,H,Green

J,S, Mill

H,J, Laski

In which of the following industry structures is the entry of new firms the most difficult?

Choose an answer

Pure monopoly

Oligopoly

Monopolistic competition

Pure competiton

When the money market is in equilibrium:

Choose an answer

The quantity of money demanded equals the quantity of money supplied

The interest rate is neither increasing nor decreasing

bond prices are stable

All of the above hold true

If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:

Choose an answer

Independent

Complements

Substitutes

Inferior

Which organization has been founded to act as permanent watchdog on the international trade:

Choose an answer

ISRD

ADS

WTO

DIMF

The theory of Natural Rights holds that:

Choose an answer

Right are a divine creation

Right came form pre-civil society

Right were granted by the king

Right6s are granted by the Constitution

In a free market the combination of products produced will be determined by:

Choose an answer

Market forces of supply and demand

The goverment

The law

The Public sector

The Samuelson Holt formula provides a measure of?

Choose an answer

Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

Share premium account can be used for-

Choose an answer

Paying tax liability

Meeting the cost of issue of shares or debentures

Paying Dividend on shares

Meeting the loss on sale of old asset

Which one of the following is not a method of peaceful settlement of disputes?

Choose an answer

Limited arms conflict

Negotiations

Arbitration

Mediation

What does 'chronology' mean?

Choose an answer

Something that happened before 1500

Any history that is boring

In the correct order of time

None of these

What is a Cadenza?

Choose an answer

A note that is held for an amount of time that is up to the conductor

A tempo that is faster than moderato, but slower then allegretto

Another name for an accidental

an extended solo that is usually sped up or slowed down at the performers will

"Economics is what economics do" it has been supported by:

Choose an answer

Richard Jones

Comte

Gunnar Myrdal

All of the above

What does SOP stand for:

Choose an answer

Special Operating Procedure

Special Operation Procedure

Standard Operating plan

simple operating Plan

If correlation coefficient is equal to zero, then variables will be?

Choose an answer

Associated

Correlated

Independent

Dependent

Gandhi coined the term Satyagraha, what is the meaning of Satyagraha?

Choose an answer

Truth

Custody

Arrest

Prosecuting

What is the full form of the TOEFL?

Choose an answer

Technical of English as a Foreign Language

Test of English as a foreign Language

Test of English as formal Language

Test of English as a final Language

If you wanted to join a group at your local high school and learn about farming plants what group would you join?

Choose an answer

FHA

FFA

GPA

NRA

What is a bludger?

Choose an answer

Someone who collects stamps

Some who swings a softball bat very hard

Somme one who collects stamps

Someone who sponges off of others

What does the term 'Hanseatic League' refer to?

Choose an answer

Confederation of towns in the Low countries for Mutual defence

Europe's first international Trades Union

Confederation of Baltic States

A confederation of German (and other ) towns for mutual defence in commerce

Who has given scarcity definition of economics?

Choose an answer

Adam Smith

Marshall

Robbins

Robertson

The term condition refers to:

Choose an answer

Predicting the future

Analysis and synthesis

Thinking or Knowing

Introspection

The BEU is an economic union,What does it stand for:

Choose an answer

Belgian Economic Union

British Economic Union

Benelux Economic Union

Bombay Economic Union

A natural mono,poly occurs when:

Choose an answer

Long-run average costs decline continuously through the range of demand

A firm owns or controls some resource essential to production

Long-run average costs rise continuously as out put is increased

Economies of scale are obtained at relatively low levels of output

Pass through effect in international trade theory refers to:

Choose an answer

The proportion of an exchange rate change that is reflected in export and import price change

Exports and imports not facing any tariff barrier

Exports and imports not facing any technical barrier

All of the above

Who among the following opines that public service and not sovereignty is the essential characteristic of he State?

Choose an answer

Otto Von Gierke

Leon Duguit

Emest Barker

A, D, Lindsay

Who coined the phrase ''Track Two Diplomacy''?

Choose an answer

Edmund Gullion

Names cable

Mr. Joseph Montville

John W, McDonald

Who has defined social selection saying social selection as a process of creating condition for survival?

Choose an answer

Lewis Morgan

Kari Marx

Herbert Spencer

Maclever

When total utility becomes maximum then marginal utility will be:

Choose an answer

Minimum

Average

Zero

Negative

If the price elasticity of demand is unit then a fall in price:

Choose an answer

Reduces revenue

Leaves revenue unchanged

Increases revenue

Reduces costs

In monopoly when abnormal profits are made:

Choose an answer

The price set is greater than the marginal cost

The price is less than the average cost

The average revenue equals the marginal cost

Revenue equals total cost

Who has said that a welfare state is'' a state that provides for its citizens a wide range of social services''?

Choose an answer

G,D,H Cole

H, J, Laski

Abraham

T,W,Kent

Who among he following gave the concept of 'mass' mind?

Choose an answer

Pareto

Mosca

Michels

Gassef

Which government income is included in revenue budget?

Choose an answer

Tax-revenue

Non tax-revenue

Both of above

None of the above

NTC is the abbreviation of which organization;

Choose an answer

National Tobacco company

National Tea company

National Tea corporation

National Textile corporation

Market value of all final goods and services produced in a country during a year is definition of

Choose an answer

NI

NNP

GNP

Consumption

Where is the headquarters of International Bank for Reconstruction and development?

Choose an answer

New York

Washington

Texas

All the above

The extent to which persons or organizations are better off at the end of a period than they were at the beginning?

Choose an answer

Profit

Inventory

Good

Fringe benefits

Which theory is generally included under micro economics?

Choose an answer

Price Theory

Income theory

Employment Theory

None of these above

If you see 'sfz' under a note, what does it mean?

Choose an answer

It is an acronym for simple,Fast,Zany

A sudden tempo increase

A slow decrease in sound

a sudden strong accent

Crick diplomacy consists of using the game of cricket as a political tool to enhance or worsent the diplomatic relations between two Cricket playing nations,Term was first used in 1987 during the match between?

Choose an answer

Indian and Pakistan

Sri Lanka and Pakistan

Bangladesh and Pakistan

Indian and Bangladesh

ICMB stands for:

Choose an answer

Internal Continental ballistic Missile

Inter Country Ballistic Missile

Inter-Continental Ballistic Missile

Inter-Continental Ballistic Market

In pure capitalism the role of government is best described as:

Choose an answer

Significant

Extensive

Nonexistent

Limited

Negotiations between representatives of labor management?

Choose an answer

Professional association

Collective bargaining

Chamber of commerce

Unlimited life

How many stock exchanges are in Pakistan?

Choose an answer

2

3

4

5

The best adjustment of liberty and equality can be achieved in a regime of:

Choose an answer

Liberalism

Socialism

Democratic Socialism

Idealism

When was Common Market for Eastern and Southern African (COMESA) formed?

Choose an answer

1995

1994

1992

1991

Open Market Operations occur when the government:

Choose an answer

Reduces the interest rate

Buys and sells bonds and securities

Increases taxation

Increases the exchange rate

Deficit financing increases-

Choose an answer

Rate of money inflation

Rate of money deflation

Rate of devaluation

All of the above

AWACS stands for;

Choose an answer

Airborne warning and control system

Air warning and control system

Airborne earning and communication system

None or them -

where is the headquarters of Islamic Development Bank?

Choose an answer

Saudi Arabia

Sweden

Switzerland

None of the above

The govt can control inflation by

Choose an answer

Increasing demand for goods

Increasing supply of goods

Increasing money supply

Decreasing taxes

National income estimated in Pakistan is Prepared by:

Choose an answer

Commission

SBP

Ministry of Finance

C.S.O.

What does the term 'The Golden Horde' Refer to?

Choose an answer

Part of the Mongol Empire

An area in Mexico once ruled by the Aztecs

Napoleon's conquest of Egypt

To reduce the supply of money the government could:

Choose an answer

Reduce interest rates

Buy back government bonds

Sell government bonds

Encourage banks to lend

What do the Initials IFAD stand for?

Choose an answer

International fund stand Air plane Development

India food approval department

International food approval department

International fun for Agricultural Development

The resources in the economy do not include:

Choose an answer

Demand

Land

Labour

Capital

A governmental agency that has the abbreviation of FDA is what:

Choose an answer

free diet advice

Federal Drug agency

food and drug administration

federal deposit agency

Under normal circumstances, when the price of a commodity falls. the quantity demanded will:

Choose an answer

Decrease

Increase

Remain unchanged

Nobody knows

In common meaning inflation is a condition in which__

Choose an answer

Price of commodity increases

Value of money decreases

Price of Commodity and value of both increases

Price of commodity increases and value of money decreases

The word 'Polis' relates to:

Choose an answer

Police

Civil Administration

City State

Public opinion

Who is known as father of economics?

Choose an answer

David Riccardo

Thomas Malthus

jean Colbert

Adam smith

From when did the Euro become a legal tender?

Choose an answer

1 December 1999

1 January 2000

1 January 2001

1 January 2002

National income is a?

Choose an answer

Money value of goods and services produced in a country during a year

Money value of stocks and shares of a country during a year

Money value of capital goods produced by a country during a year

Money value of consumer goods produced by a country during a year

A monopolisitically competitive firm in short run equilibrium:

Choose an answer

Will make negative profit (loss money)

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible

Court granted permission to not pay some or all of its debts which force it out of business?

Choose an answer

Bond

Bankruptcy

Principal

Interest

Which is the largest import Pakistan?

Choose an answer

Food

Petroleum

Fertilizer

Medicine

A BMP is a,_____ which has the your basic eletrolytes levels in your blood

Choose an answer

basic Metabolic Panel

Body Metabolic Panel

Blood Metabolic Panel

None to the above

Which is the monetary measure to control inflation?

Choose an answer

Increases in taxation

Decreases in taxation

Soft credit policy

Hard credit policy

Which is not the characteristic of socialist or planned economy?

Choose an answer

Government is the owner of resources

Production decisions are determined by the government

Profit motive

None of the above

Which of the following is a flight control system?

Choose an answer

Flying wing

Fly-by-wire

Flight box shunt

Inrush neutral inflight impulse

A rise in the general level of prices is called

Choose an answer

A very bad thing

Raise

Inflation

Payroll

The abbreviation sometimes used after the end of a letter,P,S,stand for what?

Choose an answer

please keep secret

postpone

pending News

postscript

Who said ''Socialism in lime a hat that has lost its shape because everybody wears it.?

Choose an answer

Laski

Joad

Marx

Gandhi

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

Choose an answer

Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

Which sector contributes the highest share in Gross domestic Saving?

Choose an answer

Domestic sector

Public Sector

Government sector

Private Corporate sector

Cross-price elasticity measures whether:

Choose an answer

Good are normal or inferior

Two goods are substitutes or complements

Demand is elastic or inelastic

Supply is steeper than demand or vice versa

What is the main cause of inflation?

Choose an answer

Increases in money supply

Fall in production

Increases in money supply and fall in production

Decreases in money supply and fall in production

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

Choose an answer

Adam Smith

Marshall

Robbins

None of above

The first Stock Exchange of the world is

Choose an answer

Mumbai

New York

Amsterdam

Tokyo

When a doctor is concerned about a patient's ''cell count'' he usually orders a CBC What does CBC stand for:

Choose an answer

Complete Body Count

Complete Body Cast

Complete Blood Count

Cranial Breakage Cast

The restriction of mate selection to people within the same group is called?

Choose an answer

Dependency

Exogamy

Endogamy

Incest taboo

Which one of the following is the main feature of deliberative democracy?

Choose an answer

Parliamentary Sovereignty

Executive supremacy

Judicial autonomy

People effective participation

Reducing inflation is a more important objective than economic growth is an example of:

Choose an answer

Normative economics

Positive economics

Objective economics

Reality economics

Which of the following country has left the membership of OPEC?

Choose an answer

Indonesia

Iraq

U.A.E

Angola

Finding a partner to works with abroad is called a:

Choose an answer

Takeover

Merger

Acquisition

Joint venture

In America it is called a biscuit, What do the British call it?

Choose an answer

Scone

Wafer

Cookie

Cone

Economic development is measured on the basis of

Choose an answer

Increase in nominal GNP

Increase in real GNP

Increase in personal incomes

Increase in government revenue

When was the world Federation of Trade Union founded?

Choose an answer

1949

1945

1946

1942

TWA stand for:

Choose an answer

Trans world Authority

Trans word Airport

Trans world airlines

None of the above

What is inflation?

Choose an answer

Reduces the cost of living

Reduces the standard of living

Reduces the price of Products

Reduces the purchasing power of a pound

If an economy is productively efficient:

Choose an answer

Everyone is wealthy

Resource are unemployed

More of one product can only be produced if less of another product is produced

The distribution of income is equal

What does USMC stand for?

Choose an answer

Uncle Sam's Misguided children

United states Marine corpse

United states Marine corps

United states Military company

Ageism term coined by:

Choose an answer

H.C. Armstrong

Pearl S.Buck

James Frazer

Robert N.Butler

Who introduce the concept of multiplier first of all?

Choose an answer

Napier

Albert Enstein

Keynes

Adam Smith

What does the term''contingency workforce'' mean?

Choose an answer

Employees who work on whatever tasks are most essential at that moment

Employees who are expected to travel a great deal for their employers

Temporary employees who are hired for only as long as they needed

None of these

Who among the following supports he principle of natural inequality?

Choose an answer

Polybius

Cicero

Rousseau

Plato

Where is the headquarters of World Trade Organization?

Choose an answer

New Delhi

New York

Geneva

None of the above

Which of the following concepts is not an explanation to why the aggregate demand curve is downward sloping?

Choose an answer

Wealth Effect

Exchange Rate Effect

Interest Rate Effect

Production

Irony is a contrast between expectation and reality, which of the following is not a common type of irony?

Choose an answer

verbal

dramatic

situational

Flashback

What is a micron filter?

Choose an answer

A component which finely filters contaminants form a system

A pump which automatically cleans loose rubber form aircraft tires after landing

A filter which protect passengers form radar emissions

A device used to cancel static and feedback in a pilot's microphone

When Pakistan join the WTO?

Choose an answer

January 1, 1995

February 1, 1995

January 1, 2001

Pakistan is not a member

A written promise to reply the amount borrowed at a later date?

Choose an answer

Bond

Bankruptcy

Principal

interest

One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:

Choose an answer

Traditional economy

Command economy

No such thing

Mixed economy

Which country is the largest wheat producing country of the world?

Choose an answer

India

China

America

Switzerland

What is the full form of GPRS?

Choose an answer

General Packet Radio Serial

General Packet Ratio Service

General Packet Radio service

General practical Radio service

What of the following is false about W.T.O?

Choose an answer

It is the main organ implementing the Multilateral Trade Agreement

It is global in its membership

It has far wider scope than GATT

Only countries having more than prescribed level of total GDP can become its members

Which os the main reason of demand pull inflation?

Choose an answer

Increase in money supply

Increase in comercial expenditure

Increase in foreign demand for goods

All of the above

Fire Insurance is based on the principle of-

Choose an answer

Utmost Good faith

Insurable interest

Indemnity

Cooperation

Hedging and speculation in forx markets-

Choose an answer

Are opposite activites

Parallel activites

Same activites

All of the above

The reserves of a commercial bank consist of:

Choose an answer

The amount of money market funds it holds.

Deposits at the Federal Reserve Bank and vault cash

Government bonds which the bank holds

The bank's net worth.

The military abbreviation APO stands for what?

Choose an answer

Army Post Office

Army Private Office

Air Force Public Officer

Which word not belong in the military abbreviation NBC?

Choose an answer

Nuclear

Chemical

Biological

Clinical

If the minimum wage is set above the equilibrium wage rate then other things unchanged:

Choose an answer

There will be equilibrium in the labour market

There will excess demand in the labour

There will be excess supply in the labour market

More people will be employed

What does the term 'Bear hall putsch' refer to?

Choose an answer

A riot during the 1969 Munich Beer fest

Adolf Hitler's attempt to size power in Bavaria

Paul von Hindenburg's siezure ofo power of the Weimar Republic

Ranee of payaso's march on Cuzcatlan

When the economic activity in an economy is on the decline, then it is called a:

Choose an answer

Boom

Depression

Deflation

Recession

What do the initials SEATO stand for?

Choose an answer

South-East Asia Treaty Organization

South-East Asian telecom Organization

South-East Asian Telephone Organization

None to the above

Carpe diem is a special genre of poetry:

Choose an answer

Death of the body

Seize the day

Love endures

The body decays

What is the meaning of term ''oilgopoly''?

Choose an answer

A one-firm Industry.

Many producers of a differentiated.

A few firms producers of a differentiated product.

None of these

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

Choose an answer

Discretionary element

Non-discretionary element

Lowering of tax rates

All of the above

You might take your little puppy to what kind of doctor?

Choose an answer

DDS

DVM

MD

DC

An increase in cost will:

Choose an answer

Shift aggregate demand

Shift aggregate supply

Reduce the natural rate of Unemployment

Increase the natural rate of unemployment

Which is the main reason of demand pull inflation?

Choose an answer

Increase in money supply

Increase in commercial expenditure

Increase in foreign demand for goods

All of the above

What are the aims of international Monetary fund?

Choose an answer

To promote International monetary co-fund?

The expansion of international trade and exchange rate stability

To assist in the removal of exchange restricting and the establishment of a multilateral system of payment

All of above

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

Choose an answer

Aggregates supply is perfectly elastic

Aggregate supply is perfectly inelastic

Aggregates supply is relatively elastic

Aggregate supply is relatively elastic

A currency swap refer to-

Choose an answer

A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction

A forward sale of currency combined with a forward repurchase of the same currency - as part of a single transaction

A forward sale of currency combined with a forward repurchase of the same currency in two different transactions

All of the above

Who made the decision to name a single currency the Euro?

Choose an answer

European Commision

European Council

European Parliament

European Central Bank

The value of money varies:

Choose an answer

Inversely with the price level

Directly either the volume of employment

Directly with the price level

Directly with the interest rate

When surplus occurs?

Choose an answer

The price of the good decreases

The quantity demanded is greater than the quantity supplied

The quantity supplied is greater than the quantity demanded

The quantity demanded is equal to the quantity supplied

Which of these is an example of hindsight?

Choose an answer

Reading about the outbreak of WWII and then saying Europe should have stood up to Hitler at the Munich Conference

Thinking you have an important history exam but as there is no future in history you don't bother revising

Planning your day extremely carefully thinking about the potential outcome of each and every event

None of these

Which term refers to an awareness to the relationship between the individual and his or her wider society?

Choose an answer

Sociology

Sociological imagination

Social justice

_{Social interpretation}

What does LIPS means?

Choose an answer

Last inning Pressure situations

Last inning Pitching Situations

Lats inning pressure situations

late inning pitching situations

The passion for equality made vain the hope for liberty"Who has made this statement?

Choose an answer

J,S,Mill

V,I, Lenin

Jeremy Bentham

Lord Acton

Land is the only factor of production whose supply is?

Choose an answer

More Elastic

Perfectly Elastic

Perfectly Inelastic

Unitary Elastic

An increase in national income is:

Choose an answer

Likely to increase exports

Likely to decrease savings

Likely to decrease investment

Likely to increase spending on imports

The prices elasticity of demand coefficient indicates:

Choose an answer

Buyer responsiveness to price changes

The extent to which a demand curve shifts as incomes changes

The slope of he demand curve

How far business executive can stretch their fixed costs

What is the meaning of the term, Cinque ports?

Choose an answer

An system of port for the defence of the English Coastline

A series of Ports below seal level in east Anglia

A system of ports for the defence of the French coastline

A series of port with an official , royal monopoly in wool exports

If you collapse in a restaurant and quit breathing, You better hope that someone eise there known what?

Choose an answer

HRT

ACT

CPR

AMV

Normal profit occurs when:

Choose an answer

Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

Income tax in subcontinent was introduced by?

Choose an answer

Sir Charles Wood

Lord Macaule

James Wilson

William Jones

Marginal utility is equal to average utility at that time when average utility is:

Choose an answer

Increasing

Maximum

Falling

Minimum

Marx advocated the establishment of a:

Choose an answer

Classless society

Stateless society

Casteless society

Classless and Stateless

Which of the following is not a direct tax?

Choose an answer

Income tax

Property tax

Sales tax

House tax

What is the Essence of Control?

Choose an answer

To take decision

To take corrective action

To make enquiry

To motivate

Gross National Income is always more than net national income because it includes:

Choose an answer

Foreign income

Capital consumption allowance

Indirect taxes

Direct taxes

A constitutional government stands for:

Choose an answer

a limited government

a government run according to the provisions of the constitution

a government run according to the wishes of the rulers

a government run according to the wishes of the party bosses

What is the effect the economy if reducing involuntary unemployment?

Choose an answer

It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier

Helps shift the economy's production Possibility Frontier out wards

Helps the economy move along its Production possibility Frontier

Helps the economy Frontier

Which term is used for economies work best without of rules and regulations form the government''?

Choose an answer

Leissez-faire

subsidies

Interdependence

None of theses

The pong diplomacy refers to the exchange of table tennis (ping-pong)players between which two countries in the early 1970:

Choose an answer

United States and China

United states and South Korea

United states and North Korea

China and South Korea

Who gave the ''theory of comparative advantage''?

Choose an answer

Adam smith

Ricardo

Hicks

Albert Einstein

Which kind of diplomacy is described as it is government to government interaction in the field of foreign affairs.

Choose an answer

Track I diplomacy

Track II diplomacy

Shuttle diplomacy

Dollar diplomacy

Malthusian theory of population is based on:

Choose an answer

Harmonic progression of population

Geometric progression of food production

Arithmetic progression of population

Geometric progression of population

If interest payment is deducted from the fiscal deficit,then the balance is-

Choose an answer

Primary deficit

Budgetary deficit

Revenue deficit

Monetary deficit

State Bank of Pakistan was established in:

Choose an answer

1st july 1948

1st july 1950

1st july 1952

1st july 1954

In the short run films t in perfect competition will still produced provided:

Choose an answer

The price covers averages variable cost

The Price covers variables cost

The price covers average fixed cost

The price covers fixed costs

What does AAR stand for?

Choose an answer

After action request

After action review

Alternate action request

Alternate action review

Which theory holds that the right o the personality is the most important right o the man''?

Choose an answer

The Theory of natural Rights

The Legal Theory of Rights

The Historical Theory of Rights

The Idealistic theory of Rights

What does H-HMMWV stand for?

Choose an answer

High heavy mobility multipurpose wheeled vechicle

Heavy high Maintenance Multipurpose wheeled vehicle

Heavy high mobility multipurpose wheeled vehicle

Heavy high motorized multipurpose wheeled vehicle

Every country establishes central bank to:

Choose an answer

issue notes

Supervise commercial banks

Give loans to businessmen

Both a and b

An individual whose attitude towards is known as:

Choose an answer

Risk averse

Risk loving

Risk neutral

None of them

Who coined the term of Ageism?

Choose an answer

H.C. Armstrong

Pearl S. Buck

James Frazer

Robert N Butler

When did the Euro banknotes and coins start to circulated:

Choose an answer

January 1,2002

December 1,2001

July 1, 2002

January 1, 2003

Full employment is a situation when?

Choose an answer

Cyclical unemployment is zero

Frictional unemployment is zero

Seasonal unemployment is zero

Disguised unemployment is zero

Utility means:

Choose an answer

Power to satisfy a want

Usefulness

Willingness of a person

Harmfulnes

'SAPFA' stands for:

Choose an answer

South Asian Preferential Trading Arrangement

South Asian Promotion of Trade Agreement

SAARC Promotion of Trade Authority

None of all

The precautionary demand for money is:

Choose an answer

An idle balance

An active balance

Directly related to interest rates

Inversely related to income

Where is the headquarters of East African Development Bank?

Choose an answer

Uganda

South Africa

Zambia

Zimbabwe

Total revenues neither increase nor decrease When price changes?

Choose an answer

unit elastic

Marginal utility

diminishing marginal utility

Traditional economy