Question # 1

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

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

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Czech Republic

Russia

U.K.

U.S.A

What did the term 'Ironclad' refer to?

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The first Kinghts to wear to wear amour

The first armoured vehicles

A guaranteed prposition or word of honour

A class of warships

Profits is caused by-

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Dynamic element in the economy

Innovation

Windfall

All of the above

Ageism term coined by:

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H.C. Armstrong

Pearl S.Buck

James Frazer

Robert N.Butler

According to Marshall, the basis to consumer surplus is:

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Law of diminishing marginal utility

Law of equimarginal utility

Law of proportions

All of the above

In common 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 both increases

Price of commodity increases and value of money decreases

When was Bank of Central African States formed?

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1974

1978

1973

1979

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

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

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Pareto

Mosca

Michels

Gassef

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

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