Question # 1

When an economy first begins to grow more slowly:

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GDP increases

Inflation is like to increase

Stock levels are likely to increase

Investment in equipment is likely to increase

What does 'chronology' mean?

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Something that happened before 1500

Any history that is boring

In the correct order of time

None of these

Who has given scarcity definition of economics?

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Adam Smith

Marshall

Robbins

Robertson

Marshall's representative firm is a long-run average firm while optimum firm is a:

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Maximum cost firm

Minimum cost firm

Marginal cost firm

Average cost firm

BYOB stand for:

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Bring your own Bottle

bring your own body

body your own bottle

bone of the above

Who among the following has maintained that the modern liberal democratic state has become an industrial state:

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Galbraith

MacPherson

Keynes

Roosevelt

State Bank of Pakistan was established in:

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1st july 1948

1st july 1950

1st july 1952

1st july 1954

Blue Revolution is related to:

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Space research

Poultry

Fisheries

Drinking water

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

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Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

The credit for a advocation the legat theory of night goes to:

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Austin

Locke

Barker

Laski

A business owned and run by one person?

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All of the above

One man show

Sole proprietorship

That doesn't exist

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