Question # 1

The Keynesian theory of employment provides the solution of?

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Frictional unemployment

Disguised unemployment

Cyclical unemployment

Seasonal unemployment

What is the meaning of the term "The Great Schism'when referring to an event in the late 14th century?

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A dispute between the King of England and the Pope

A dispute between the king of England and his parliament

A dispute between the followers of two elected popes

A dispute between the kings of Scotland and England

Income tax in subcontinent was introduced by?

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Sir Charles Wood

Lord Macaule

James Wilson

William Jones

A constitutional government stands for:

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a limited government

a government run according to the provisions of the constitution

a government run according to the wishes of the rulers

a government run according to the wishes of the party bosses

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

What is a reflationary policy?

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Increases aggregate supply

Increases aggregate demand

Decreases the price level

Increases full employment

Where is the European central bank Located:

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Luxembourg

Basel

Frankfurt

London

The nature of statistical inference is?

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Inductive

Deductive

Descriptive

Objective

According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:

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Downward sloping

U-shaped

Upward sloping

Vertical

Aggregated demand will increases if:

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Consumption falls

investment falls

Exports fall

Imports falls

What is an ritenuto?

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A slow increase in tempo

A sudden reduction in tempo

An accented note

A fluctuation tempo that goes goes form slow to fast

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