Question # 1

In macro economics, what kind of problems can be discussed

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International trade

Consumers behavior

Problems of a firm

Determination of price

In which punishment is not applicable for the disobedience, the laws are

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Moral laws

Laws of state

Political laws

Economic laws

According to which economist, duration of a trade cycle is 9 to 10 years

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Prof Kitchen

Prof Jugglar

Prof Pigou

Prof Kondratieff

If there is big change in Price and demand, it is called

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Arc elasticity

Point elasticity

Income elasticity

Cross elasticity

Which is not included in variable cost

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price of raw material

Advertisement expenditures

rent of builiding

wages of labour

Meteorological theory of trade cycle was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

Private individuals can get loan from

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Their relatives, friends and domestic financial institutions

Foreign financial agencies

Foreign government

International financial institutions

Income and employment are at peak level during:

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Recovery

Boom

Depression

Recession

When general price level increases due to increase in cost of production, it is known as ?

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Stagflation

Hyper inflation

Demand pull inflation

Cost push inflation

In private finance the individuals estimate their income and expenditures

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Daily

Weekly

Monthly

Yearly

Economics studies human behaviour from

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Individual angle

Collective angle

Individual & Collective angle

None

Zakat is part of the present income

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20th

30th

40th

50th

National income increases by

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The increase in the quantity of capital goods

The increase in the quantity of goods and services

The increase in price of goods

The increase in the income of entrepreneurs

Marginal productivity theory was presented by

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Adam Smith and Malthus

Marshall and J.B Clark

Robbins and Keyness

Pigou and Cannon

Total utility always:

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Decreases

1st increases then decreases

Maximum

Negative

In law of decreasing cost, marginal cost

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Increases

Decreases

Remains constant

Does not change

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