Question # 1

Who among he following gave the concept of 'mass' mind?

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Pareto

Mosca

Michels

Gassef

What is the single most important factor that makes the markets works?

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Money

Alan Greenspan

Markets don't works

Greed

Fir stand for:

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First information Report

Final information Report

Fundamental information Report

Final information Record

Which property the paper money does not possess

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Acceptability

Divisibility

Durability

Portability

Cross-price elasticity measures whether:

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Good are normal or inferior

Two goods are substitutes or complements

Demand is elastic or inelastic

Supply is steeper than demand or vice versa

What is a 'Quasi-rents'?

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Are in the nature of free gifts

May be applicable to all factors of production

comprise of all the returns to firm in excess of the returns of the marginal firm

All the above

Which sector contributes the highest share in Gross domestic Saving?

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Domestic sector

Public Sector

Government sector

Private Corporate sector

What is the effect the economy if reducing involuntary unemployment?

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It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier

Helps shift the economy's production Possibility Frontier out wards

Helps the economy move along its Production possibility Frontier

Helps the economy Frontier

Investment is defined as a-

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Deployment of a sum in business operations

Purchasing an interest bearing bond

Change in the stock of capital

All the above

What is the technical name for conventional genre of poetry that usually celebrates the simplicity of rural life:

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Pastoral

Epic

Elegy

Ode

Economic development is measured on the basis of

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Increase in nominal GNP

Increase in real GNP

Increase in personal incomes

Increase in government revenue

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