Question # 1

What theory explains why deflation may actually leads to an increase in GDP?

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Solow Effect

rational Expectations

Pigou effect

Adaptive Expectations

Which does the government not control directly?

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Spending on health

Spending on defence

Firms investment decisions

Spending on education

Who among the following was a great supporter of he Divine Theory of origin of the State?

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Bentham

J,S, Mill

Hobbes

James I

GNP is always

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Less than NN

Greater than NNP

Equal to NNp

Any of A,b,c

Who among the following thinker made the statement that, Covenant without sword are but words and of no strength to secure men at all?

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Pufendorf

Hobbes

Locke

Rousseau

In the world population-wise Pakistan is

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3rd

4th

6th

8th

A currency swap refer to-

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A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction

A forward sale of currency combined with a forward repurchase of the same currency - as part of a single transaction

A forward sale of currency combined with a forward repurchase of the same currency in two different transactions

All of the above

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

An increase in price all other things unchanged leads to:

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Shift demand out outwards

Shift demand inwards

A Contraction of demand

An extension of demand

FSBS means:

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Finger stick body sugar

Final stick blood sugar

Finger strict Blood sugar

Finger stick blood sugar

'Closed Economy' is that economy in which:

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Only export takes place

Money supply is fully controlled

Deficit financing takes place

Neither export nor import takes place

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