Question # 1

Investment depends mainly on:

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Past levels of income

Futures expected profits

Present National Income levels

Historic data

Ina parliamentary form of government minsters are appointed by:

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The head of he state at his discretion

The head of the government

The legislature

the head of he state on the recommendation of the head of the government

The concept of costing margin in the pricing theory was introduced by?

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Andrews

Baumol

Cournot

Williamson

National income estimated in Pakistan is Prepared by:

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Commission

SBP

Ministry of Finance

C.S.O.

Which does the government not control directly?

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Spending on health

Spending on defence

Firms investment decisions

Spending on education

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

Which of the following cannot be accepted factor of production?

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Land

Labour

Light of sun

Capital

What is the full form of the STD?

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Straight Telephone Dialing

Straight Trunk Dialing

Subscribers Talk Dialing

Subscribers Trunk Dialing

If the economy grows the government's budget position will automatically:

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Worsen

Improve

Stay the same

Increase with inflation

World trade has been increasing due to:

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Increased tariffs

Increased legal barriers

Increased embargoes

Reduced protectionism

A shift in aggregate supply is likely to:

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Reduce the general price level and reduce and national income

Reduce the general price and level and increase national income

Increase the general price level and reduces national income

Increase the general price level and increase the national income

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