Question # 1

What remains after the deduction of direct tax from the personal income

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NNP

NNI

DPI

GNP

Total utility is maximum when marginal utility is

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Positive

Negative

Zero

Minimum

Which factor can not be stored

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Land

Labour

Capital

Organization

How many conditions of firm's equilibrium are there ?

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One

Two

Three

Four

Under increasing return, the slope of marginal product curve is

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Positive

Negative

Infinite

Zero

Methods to derive economic laws:

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One

Two

Three

Four

When total production increases, marginal product is:

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Positive

Negative

Zero

Infinite

Over investment and over saving theory was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

In which year international monetary fund was established

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1941

1944

1945

1947

Demand for necessities of life is

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Les elastic

More elastic

Perfectly elastic

Perfectly inelastic

The most appropriate definition of money was given by:

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F.A.Walker

Keynes

Pigou

Crowther

If the income and expenditures of the government are equal, such budget is called

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Surplus budget

Deficit budget

Balanced budget

Capital budget

When was professor Robbins book "Nature and importance of economics" written

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1915

1932

1934

1937

Which one is immobile factor ?

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Land

Labour

Capital

Organization

Equilibrium means

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the condition that is not possible

an unstable condition

a condition that can change

stable position

If two goods are complimentary, cross Elasticity of demand will be:

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Zero

Infinite

Positive

Negative

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