Question # 1

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

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Wealth Effect

Exchange Rate Effect

Interest Rate Effect

Production

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

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Increasing

Maximum

Falling

Minimum

Which of term means the same distance form something?

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Equilateral

Proportional

Equiangular

Equidistant

Who issue 10-rupee note?

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National Bank of Pakistan

State Bank of Pakistan

Govt of Pakistan

Governor of Pakistan

The difference between gross investment and net investment is:

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Depreciation

Acceleration

Capital investment

Deceleration

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

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Bond

Bankruptcy

Principal

interest

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

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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

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

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

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

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It is an acronym for simple,Fast,Zany

A sudden tempo increase

A slow decrease in sound

a sudden strong accent

The on-going melt down had its origin in:

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The real sector

The financial sector

The service sector

The textile sector

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