Question # 1

In inflation prices:

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Increase

Do not change

Decrease

Become zero

Canons of taxation describes

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Marshall

Keynes

Robbins

Adam Smith

Personal income includes:

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Direct taxes

Indirect taxes

Undivided profit

Both 2^nd and 3^rd

Marginal cost curve always intersects average cost curve at:

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The maximum point

The central point

The minimum point

The vertical point

Factors of production are:

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One

Three

Two

Four

How many methods can be used for cultivation

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One

Two

Three

Four

In monopoly the number of firms is:

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One

Three

Two

Unlimited

National income does not include:

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Profit

Wages

Interest

Transfer payments

The quality of a commodity which satisfies the human wants:

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Usefulness

Loss

Utility

Return

Who criticized Prof.Robbin's definition?

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Marshall,J.B

Beveridge

Clark

Pigeou

What was the difficulty in the barter System:

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Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

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