Question # 1

The quality of a good which satisfies a human want is called as:

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Service

Cost

Utility

None

The other name of law of diminishing return is:

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Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Factors of production are:

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One

Three

Two

Four

What remains after deduction of direct taxes from the personal incom:

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NNI

DPI

NDI

GNP

The economy gets prosperity during:

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Recession

Boom

Depression

Recovery

What was the difficulty in the barter System:

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Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

Personal income includes:

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Direct taxes

Indirect taxes

Undivided profit

Both 2^nd and 3^rd

The other name of law of decreasing return is:

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Law of decreasing cost

Law of increasing cost

Law of constant cost

Law of increasing returns

International trade has the benefits

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One

Three

Two

Unlimited

Who criticized Prof.Robbin's definition?

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Marshall,J.B

Beveridge

Clark

Pigeou

How many methods can be used for cultivation

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One

Two

Three

Four

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