Question # 1

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 four factor payment are:

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Money, capital, salaries, and income

Wages, rent, interest, and profits

Money, power, prestige, and wealth

Wages, interest, salaries, and income

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

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Woodrow wilson

David Hume

Paul Samuelson

John Maynard Keynes

An increase in national income is likely to:

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Decrease tax receipts

Worsen the balance of trade

Automatically cause an increase in government spending

Cause an increase in injections into the economy

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

When did World Trade Organization replace GATT?

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1 January 1995

1 January 1998

1 December 1999

1 June 2000

GNP is always

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Less than NN

Greater than NNP

Equal to NNp

Any of A,b,c

Fire Insurance is based on the principle of-

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Utmost Good faith

Insurable interest

Indemnity

Cooperation

Pass through effect in international trade theory refers to:

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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

State Bank of Pakistan was established in:

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1st july 1948

1st july 1950

1st july 1952

1st july 1954

Total revenues neither increase nor decrease When price changes?

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unit elastic

Marginal utility

diminishing marginal utility

Traditional economy

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