Question # 1

Vote by which all of the people of state or territory express an opinion for or against a proposal especially form the government is known as:

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Plebiscite

By-election

Sub-election

special-election

According to the law of diminishing utility:

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Utility is a maximum whit the first unit

Increase units of consumption increase the marginal utility

Marginal product will fall as more units are consumed

Total utility will rise at a falling rate as more units are consumed

Where could you most likely have seen the letters TWA?

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Army base

Church

Airport

Gift store

Total revenues neither increase nor decrease When price changes?

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unit elastic

Marginal utility

diminishing marginal utility

Traditional economy

What do the initials SEATO stand for?

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South-East Asia Treaty Organization

South-East Asian telecom Organization

South-East Asian Telephone Organization

None to the above

What usually constitutes the main source of a governments income:

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Loans

Taxes and levies

Profits form business undertakings

Grants form world Bank

Depletion method of depreciation is used in case of:

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Cattle, Loose Tools, etc

Mines, Quarries, etc

Machinery, Building, etc

Books

Who among the following talked of Political decay?

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Huntington

David Apter

Organski

Lucian Pye

The ideal of 'positive liberty' was first conceived by:

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Aristotle

Hegel

Green

Laski

In which of the following industry structures is the entry of new firms the most difficult?

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Pure monopoly

Oligopoly

Monopolistic competition

Pure competiton

Which one of the following is not a demerit of party system?

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Parties fight for their own interest

Party system destroys the individuality of man

Parties produce unnatural divisions

Parties harmonise the organs of government

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