Question # 1

What does USMC stand for?

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Uncle Sam's Misguided children

United states Marine corpse

United states Marine corps

United states Military company

'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

Which of the following is not an indirect tax?

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Land revenue

Customs duties

Entertainment tax

Sales tax

According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:

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Downward sloping

U-shaped

Upward sloping

Vertical

The term 'Ethnic' is derived form the ______ word meaning 'nation'

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Latin

Greek

Malayalee

Polynesian

A simple correlation can defined as the tendency of?

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Independent variation

Dependent variation

Simultaneous variation

Instantaneous variation

Opportunity cast of a factor is known as

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Transfer earning

Money cost

Present earning

None of the above

A theory who stresses the rule of law is:

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Regulative law

Totalitarianism

Liberalism

None of these

What is patriarchy?

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Domination of society

Domination of society by women

Domination of society by men

None of these

The pong diplomacy refers to the exchange of table tennis (ping-pong)players between which two countries in the early 1970:

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United States and China

United states and South Korea

United states and North Korea

China and South Korea

A monopolisitically competitive firm in short run equilibrium:

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Will make negative profit (loss money)

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible

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