| 1 |
It is function of capital |
- A. provision of machinery
- B. payment of wages
- C. establish good relation with employees
- D. a and b of above
|
| 2 |
Productivity of capital depends upon |
- A. quality of labour
- B. quality of raw materials
- C. quality of management
- D. all of the above
|
| 3 |
Which one of the following is a functional equation of demand: |
- A. Q - 20 + 2P = 0
- B. Q - 3 - 3P = 0
- C. Q + -2P = 0
- D. None of the three
|
| 4 |
The part of wealth, other than natural resources, which can be used for further production of wealth are called |
- A. Capital
- B. Revenue
- C. Fundamentals of economics
- D. None of these
|
| 5 |
Which of the following is capital |
- A. tractor
- B. TV station
- C. tarbela dam
- D. all of the three
|
| 6 |
Which of the following is <i>NOT </i>capital as economists use the term |
- A. an office building
- B. machinery in a factory
- C. an industrial robot
- D. money
|
| 7 |
These are kinds of capital EXCEPT |
- A. fixed capital
- B. expensive capital
- C. working capital
- D. real capital
|
| 8 |
To the economist, investment refers to |
- A. sale of real estate
- B. creation of new capital
- C. purchase of a prize bond
- D. decrease in inventories
|
| 9 |
q = 4 + 2P it is a functional equation of. |
- A. Demand
- B. Supply
- C. Equilibrium of demand as supply
- D. None of the three
|
| 10 |
The difference between iron ore deposits and the steel produced illustrates the difference between |
- A. labour and natural resources
- B. labour and capital
- C. natural resources and capital
- D. natural resources and entrepreneurship
|
