Question # 1

Monopoly is when there is a single:

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Seller

Market

Buyer

Game

When a firm is maximizing profit it will necessarily be:

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Maximizing profit per unit of ouput

Maximizing the difference between total revenue and total cost

Minimizing total cost

Maximizing total revenue

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

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China

USA

France

Uruguay

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

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Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

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

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

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New York

Washington

Texas

All the above

Contribution of agriculture in Pakistan's national income is

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20%

24%

28%

26%

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

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A one-firm Industry.

Many producers of a differentiated.

A few firms producers of a differentiated product.

None of these

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

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Gourtius

bodin

Austlin

Locke

When Pakistan join the WTO?

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January 1, 1995

February 1, 1995

January 1, 2001

Pakistan is not a member

What is full form of the OAU?

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Organization of Asian Unity

Organization of African Unity

Organization of American Unity

Organization of Allied Universities

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