| 1 |
When average product decreases, marginal product |
- A. Increases
- B. Is zero
- C. Is equal to average product
- D. Is less than average product
|
| 2 |
In law of increasing cost, marginal cost |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Remains fixed
|
| 3 |
Micro economics studies related to: |
- A. National income
- B. Unemployment
- C. Trade cycle
- D. Consumers behaviour
|
| 4 |
Word of economics has been derived from "Oikonomos" which is word of the language |
- A. French
- B. Latin
- C. Russian
- D. None of them
|
| 5 |
Direct taxes are not included in: |
- A. Personal income
- B. G.N.P
- C. G.D.P
- D. Disposable personal income
|
| 6 |
One of the following is not called land |
- A. Rain
- B. Mountain
- C. Forests
- D. Mangla Dam
|
| 7 |
Individual income means |
- A. Total of incomes received from any means by the people
- B. Total of incomes of entrepreneurs of the country
- C. Income of a particular person
- D. Income of a family
|
| 8 |
Which law is applicable on production process under marginal productivity theory |
- A. Law of increasing return
- B. Law of constant return
- C. Law of decreasing return
- D. Law of decreasing cost
|
| 9 |
Balance of visible goods of a country mean |
- A. Quantity of imports & exports
- B. Value of imports & exports
- C. Value of imported & exported goods and services
- D. Value of imported & exported services
|
| 10 |
Public finance and private finance are of each other |
- A. Opposite
- B. Synonymous
- C. Similar & different
- D. None of three
|