Question # 1

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

Reward for capital is called:

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Rent

Interest

Wages

Profit

During a year aggregate value of produced goods and services of a country is called:

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Per-capita income

Net national income

Personal income

Gross national product

In monopoly the number of firms is:

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One

Three

Two

Unlimited

International trade has the benefits

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One

Three

Two

Unlimited

International trade has the benefits:

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One

Unlimited

Two

Three

What was the difficulty in the barter System:

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Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

Ushr implies on:

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Agricultural product

Industrial product

Agricultural & industrial product

None of these

In inflation prices:

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Increase

Do not change

Decrease

Become zero

National income period is

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One year

Three years

Two years

Four years

Income elasticity show the relationship between:

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Income and demand

Income and consumption

Income and price

Income and saving

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

Reward for labour is:

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Interest

Wages

Profit

Rent

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

The supply of perishable goods is:

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Fixed

Variable

Minor change

Zero

Phases of trade cycle are:

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One

Three

Two

Four

Which Economists presented the law of diminishing marginal utility:

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Robbins

Malthus

Adam Smith

Marshall

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