Question # 1

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

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Babib banks

National bank

State Bank of Pakistan

Commercial Banks

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

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Adam Smith

Marshall

Robbins

None of above

Normal profit occurs when:

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Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

Which term means the same distance form something?

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Equilateral

Proportional

Equianglular

Equidistant

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

In marketing ''USP'' stands for:

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Unique selling Propositions

Underlying sales

Unit sales point

Under sales Procedure

According to the law of diminishing utility:

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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

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

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Increase

Decrease

Remain constant

Do not change

The Samuelson Holt formula provides a measure of?

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Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

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

Utility means:

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Power to satisfy a want

Usefulness

Willingness of a person

Harmfulnes

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