[{"id":214589,"question":"A depreciation of the dollar will have its most pronounced impact on imports if the demand for. Imports is.","choices":[{"text":"Constant","value":"A"},{"text":"Inelastic","value":"B"},{"text":"Elastic","value":"C"},{"text":"Unitary elastic","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214588,"question":"Which of the following is often considered to be inconsistent with the notion of perfect competition.","choices":[{"text":"Large number of firms","value":"A"},{"text":"Free entry","value":"B"},{"text":"Complete mobility","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214587,"question":"A straight line downward sloping demand curve implies that as price falls the elasticity of demand.","choices":[{"text":"Increases","value":"A"},{"text":"Decreases","value":"B"},{"text":"Remain the same","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214586,"question":"Two commodities are considered to be perfect substitutes for each other if the elasticity of substitution is","choices":[{"text":"Positive","value":"A"},{"text":"Negative","value":"B"},{"text":"Infinite","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214585,"question":"Since 1960 the rage of economic growth in the country has been","choices":[{"text":"On the decline continuously","value":"A"},{"text":"Increasing continuously","value":"B"},{"text":"increasing occasionally.","value":"C"},{"text":"Static in real terms","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214584,"question":"During the last eight years the per capita income in Pakistan has been","choices":[{"text":"Increasing substantially because of decline in population growth","value":"A"},{"text":"Decreasing","value":"B"},{"text":"increasing only marginally","value":"C"},{"text":"Constant","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214583,"question":"An increasingly higher marginal income tax is","choices":[{"text":"Progressive","value":"A"},{"text":"Regressive","value":"B"},{"text":"Proportional","value":"C"},{"text":"Both b and c","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214582,"question":"The central bank of a country plays a significant role in her macroeconomics performance by regulating the.","choices":[{"text":"Money supply","value":"A"},{"text":"Supply credit","value":"B"},{"text":"Interest rate","value":"C"},{"text":"All of these","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214581,"question":"In the theory of the firm profit maximization is always synonymous with.","choices":[{"text":"Profitability","value":"A"},{"text":"Economic profit making","value":"B"},{"text":"maximization of the sales revenue","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214580,"question":"In a \"Lorenz curve diagram absolute equality in income distribution would appear as.","choices":[{"text":"A curved line well bowed out from the diagonal","value":"A"},{"text":"A curved line close to the diagonal","value":"B"},{"text":"A right angled line","value":"C"},{"text":"A diagonal line","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214579,"question":"During the 1980's empirical evidence indicates that.","choices":[{"text":"Poverty re emerged in Pakistan","value":"A"},{"text":"Good growth brought down poverty in Pakistan.","value":"B"},{"text":"Poverty situation showed no change","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214578,"question":"Expansion in money supply stems from.","choices":[{"text":"Increasing the cost of bank credit","value":"A"},{"text":"Reducing availability of bank credit","value":"B"},{"text":"Reducing the financial cost of bank credit","value":"C"},{"text":"None of above","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":214577,"question":"Health of a country's economy is indicated by","choices":[{"text":"Number of doctors per 1,000 population","value":"A"},{"text":"Per capital income","value":"B"},{"text":"Literacy rate","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214576,"question":"An important policy instrument to influence commercial banks is.","choices":[{"text":"Open market operations","value":"A"},{"text":"Changing reserve ratios of commercial banks","value":"B"},{"text":"Moral persuasion","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214575,"question":"The \"balance trade\" is a record of.","choices":[{"text":"Exports and imports of financial assets","value":"A"},{"text":"The current account plus capital account","value":"B"},{"text":"The export of goods and services.","value":"C"},{"text":"the value of merchandise exports minus imports","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":214574,"question":"All economic model ae based on","choices":[{"text":"Realistic assumptions","value":"A"},{"text":"Assumptions which can never be perfectly realistic","value":"B"},{"text":"Unrealistic assumptions","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214573,"question":"All economic model ae based on","choices":[{"text":"Realistic assumptions","value":"A"},{"text":"Assumptions which can never be perfectly realistic","value":"B"},{"text":"Unrealistic assumptions","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214572,"question":"In 25 years Pakistan's Per capital income","choices":[{"text":"More than doubled","value":"A"},{"text":"Less than doubled","value":"B"},{"text":"Did not show more than 70% increase","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214571,"question":"Saving means","choices":[{"text":"Part of income for investment","value":"A"},{"text":"Income for boarding","value":"B"},{"text":"Non consumption of income in the current period","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214570,"question":"Saving means","choices":[{"text":"Part of income for investment","value":"A"},{"text":"Income for boarding","value":"B"},{"text":"Non consumption of income in the current period","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214569,"question":"Health of a country's economy is indicated by","choices":[{"text":"Number of doctors per 1,000 population","value":"A"},{"text":"Per capital income","value":"B"},{"text":"Literacy rate","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214568,"question":"Guid up of foreign exchange reserves leads to.","choices":[{"text":"Decrease in money supply","value":"A"},{"text":"increase in money supply","value":"B"},{"text":"contraction in money supply","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214567,"question":"Devaluation leads to.","choices":[{"text":"Increase in imports","value":"A"},{"text":"Increase in exports","value":"B"},{"text":"Decline in imports","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":214566,"question":"The overall Budget Deficit is financed from","choices":[{"text":"External borrowing","value":"A"},{"text":"Non bank borrowing domestically","value":"B"},{"text":"Bank borrowing plus the above two at a and b","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214565,"question":"The overall Budget Deficit is financed from","choices":[{"text":"External borrowing","value":"A"},{"text":"Non bank borrowing domestically","value":"B"},{"text":"Bank borrowing plus the above two at a and b","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214564,"question":"The overall Budget Deficit is financed from","choices":[{"text":"External borrowing","value":"A"},{"text":"Non bank borrowing domestically","value":"B"},{"text":"Bank borrowing plus the above two at a and b","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214563,"question":"The overall Budget Deficit is financed from","choices":[{"text":"External borrowing","value":"A"},{"text":"Non bank borrowing domestically","value":"B"},{"text":"Bank borrowing plus the above two at a and b","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214562,"question":"The overall Budget Deficit is financed from","choices":[{"text":"External borrowing","value":"A"},{"text":"Non bank borrowing domestically","value":"B"},{"text":"Bank borrowing plus the above two at a and b","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214561,"question":"A firm's monopolistic position is strengthened by","choices":[{"text":"low elasticity of demand for its product","value":"A"},{"text":"High elasticity of demand for its product","value":"B"},{"text":"Constant elasticity of demand","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":214560,"question":"National Income account of Pakistan have registered GDP &amp; GNP as.","choices":[{"text":"GDP = GNP<div><br></div>","value":"A"},{"text":"GDP &lt; GNP","value":"B"},{"text":"GDP &gt; GNP","value":"C"},{"text":"GDP / GNP","value":"D"},{"value":"E"}],"correctAnswer":1}]