| 1 |
Which economist stated that utility is not measurable |
- A. Adam Smith
- B. Marshall
- C. Cannon
- D. Hicks
|
| 2 |
One of the following is not included in explicit cost |
- A. Wages of labourers
- B. Reward of entrepreneur's personal labour
- C. Price of raw material
- D. Interest of capital
|
| 3 |
Which one is not included in macro economics |
- A. National income
- B. Employment
- C. Price
- D. Investment
|
| 4 |
Relationship between price and quantity demanded is called |
- A. Demand schedule
- B. Demand curve
- C. Law of demand
- D. Assumptions of law of demand
|
| 5 |
"General theory of employment, interest and money" was written in: |
- A. 1930
- B. 1936
- C. 1932
- D. 1890
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| 6 |
Zakat is imposed on: |
- A. Muslims
- B. Sahib e Nisab
- C. Affording people
- D. Both b and c
|
| 7 |
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist |
- A. Prof Marshall
- B. Prof Walker
- C. Prof Keynes
- D. Prof Crowther
|
| 8 |
Tendency of demand curve of a factor of production is |
- A. Positive
- B. Negative
- C. Zero
- D. Horizontal
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| 9 |
What remains after the deduction of direct tax from the personal income |
- A. NNP
- B. NNI
- C. DPI
- D. GNP
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| 10 |
One of the following is a fixed capital: |
- A. Raw material
- B. Machinery
- C. Saving certificate
- D. None of these
|