Question # 1

The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:

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Mixed economy

Capitalism

Traditional economy

communism

The term 'Socialism' was first used by

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Robert Owen

Karl Marx

Lenin

Bernstein

The word 'Polis' relates to:

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Police

Civil Administration

City State

Public opinion

What is a micron filter?

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A component which finely filters contaminants form a system

A pump which automatically cleans loose rubber form aircraft tires after landing

A filter which protect passengers form radar emissions

A device used to cancel static and feedback in a pilot's microphone

Land is the only factor of production whose supply is?

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More Elastic

Perfectly Elastic

Perfectly Inelastic

Unitary Elastic

In the medical field and Psychology the abbreviation ADD stand for what?

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Adrenal Glandular Dysfunction

Atrium Deficit disorder

Arterial Distal Disorder

Attention Deficit Disorder

Pakistan started its first five-year plan in

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1947

1950

1955

1960

World Development report is issued annually by?

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IMF

ILO

WHO

World Bank

Which kind of diplomacy dealt with all actions by non-state actors in the field of foreign affairs?

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Track I diplomacy

Track II diplomacy

Shuttle diplomacy

Dollar diplomacy

Opportunity cast of a factor is known as

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Transfer earning

Money cost

Present earning

None of the above

A reduction in the money supply is likely to:

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Reduce the interest rate

Increase the interest rate

Increase inflation

Decrease deflation

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