Question # 1

If an economy is productively efficient:

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Everyone is wealthy

Resource are unemployed

More of one product can only be produced if less of another product is produced

The distribution of income is equal

When Pakistan join the WTO?

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January 1, 1995

February 1, 1995

January 1, 2001

Pakistan is not a member

A pressure works for the Welfare of:

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Weaker sections of the society

All section of the society

Its members only

government employees

Court granted permission to not pay some or all of its debts which force it out of business?

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Bond

Bankruptcy

Principal

Interest

The reason for cost push inflation is:

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Increase in money wages

Increase in rate of profit

Both of above

None of the above

What does the term 'Beer Hall Putsch' refer to?

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A riot during the 1969 Munich Beer fest

Adolf Hitler's attempt to seize power in Bavaria

Paul von Hindenburg' siezure of Power of the Weimar republic

Renee el Payaso's march on Cuzcatlan

'From each according to his ability, to each according to his need' is the theoretical slogan of which system?

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Communist system

Capitalist system

Fascist system

None of these

What is the meaning of the term "The Great Schism'when referring to an event in the late 14th century?

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A dispute between the King of England and the Pope

A dispute between the king of England and his parliament

A dispute between the followers of two elected popes

A dispute between the kings of Scotland and England

According to Keynes, real inflation takes place-

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Before the level of full employment

On the level of full employment

After the level of full employment

All above are true

What is an MMR?

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Immunization

Medical test

Airline

Device

What is meant by the the 'The Big four'?

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The Powers contesting global dominance in the sixtes

Representatives of the main victorious Powers at the paris peace conference after WW1

The powers at the Yalta conference of WW2

The Powers involved during the American Revolutionary War

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