Pakistan Fashion Forum, Govt Jobs Pakistan, Mobile, Laptop, Camera Prices in Karachi, Lahore

Go Back   Pakistan Fashion Forum, Govt Jobs Pakistan, Mobile, Laptop, Camera Prices in Karachi, Lahore > Pakistan Students Forum Club | Free Study Aboard | Scholarships | Free Notes & Study Material > Result Pakistan - All Classes Results, Subject Notes, Guess papers > CSS Notes, Exams | PCS Notes, Essay
Home Admissions 2014-15 Health & Beauty Jobs Pakistan Govt Jobs Summer Dresses Cars-Bikes Prices Child Specialist Karachi

CSS Notes, Exams | PCS Notes, Essay CSS, PCS, Commission in pakistan share exams schedule or etc regarding CSS, PCS Notes, Results


ECONOMICS, PAPER-I MCQs Papers 2011-12

CSS Notes, Exams | PCS Notes, Essay


Reply
Thread Tools
 
Post New Thread LinkBack Share
Old 01-09-2011, 10:30 AM   #1 (permalink)
Mind Reader
Govt Jobs Pakistan
 
Tanha Karim's Avatar
 
Join Date: May 2009
Location: █║▌│█│║▌║
Age: 29
Posts: 157,075
Country: Users Flag!
Send a message via ICQ to Tanha Karim Send a message via AIM to Tanha Karim Send a message via MSN to Tanha Karim Send a message via Yahoo to Tanha Karim Send a message via Skype™ to Tanha Karim
Default ECONOMICS, PAPER-I MCQs Papers 2011-12


ECONOMICS, PAPER-I MCQs Papers 2011-12

PART I (MCQ)

(COMPULSORY)

Q.1. Select the best option/answer and fill in the appropriate box on the Answer Sheet. (20)


(i) Demand curve in case of Giffen good is:
(a) Negatively sloped
(b) Vertical
(c) Positively sloped
(d) None of these


(ii) Price consumption curve in case of complementary goods is:
(a) Downward sloping
(b) Vertical
(c) Upward sloping
(d) None of these

(iii) In case of two goods, following utility approach, a consumer is in equilibrium when:
(a) MUx/Px = MUy/Py
(b) MUx/Px < MUy/Py
(c) MUx/Mx > MUy/Py
(d) Both (b) and (c)

(iv) In short run:
(a) Labour is variable
(b) Both labour and capital are variable
(c) Both labour and capital fixed
(d) None of these

(v) When MC is equal to AC, the AC:
(a) Increases
(b) Decreases
(c) Remains constant
(d) None of these

(vi) Normal profit, excess profit and loss of the firm depends on level of:
(a) Average costs in short run
(b) Total costs in short run
(c) Marginal costs in short run
(d) All of these

(vii) In case of perfect competition, the sellers are:
(a) Two
(b) A few
(c) Very large
(d) None of these

(viii) The firm is in equilibrium when:
(a) Slope of TC = Slope of TR
(b) Slope of TC is less than slope of TR
(c) Slope of TC is more than slope of TR
(d) None of these

(ix) The Marginal Revenue Product of labour MRPL is:
(a) MR x MP
(b) MR / MP
(c) MR MP
(d) Both (b) and (c)

(x) In case of imperfect competition the MRPL is the:
(a) Supply of labour curve
(b) Demand for labour curve
(c) Both of these
(d) None of these

(xi) Per Capita Income is calculated as:
(a) N.I+Population
(b) N.*Population
(c) N.I/Population
(d) Both (a) and (c)

(xii) Gross Domestic Product equals:
(a) GNP NFI
(b) GNP + NFI
(c) GNP indirect taxes
(d) Both (a) and (c)

(xiii) The deposit multiplier is always:
(a) Greater than one
(b) Less than one
(c) Equal to one
(d) None of these

(xiv) Money can be a standard of deferred payments only if the value of money itself:
(a) Remains stable
(b) increases
(c) Decreases
(d) None of these

(xv) The fiscal policy with a deliberate policy action is:
(a) Expansionary fiscal policy
(b) Concretionary fiscal policy
(c) Discretionary fiscal policy
(d) All of these

(xvi) Trade based on absolute advantage was presented by:
(a) Alfred Marshall
(b) Adam Smith
(c) Lionel Robbins
(d) None of these

(xvii) According to Keynes, the relationship between money supply and rate of interest is:
(a) Negative
(b) Positive
(c) Indirect
(d) None of these

(xviii) An object that is generally accepted in exchange for goods and services is called:
(a) Standardized money
(b) Medium of exchange
(c) Unit of account
(d) All of these

(xix) The account in balance of payment that consists of all transactions in financial assets is known as:
(a) Capital account
(b) Current account
(c) Official Reserve account
(d) None of these

(xx) The difference between exports and imports of visible items of a country is called:
(a) Budget surplus
(b) Balanced budget
(c) Balance of trade
(d) Both (a) and (c)

Tanha Karim is offline   Reply With Quote
Reply

Thread Tools



All times are GMT +6. The time now is 10:23 AM.


Admissions, Results, Scholarships | Health Beauty Tips | Pakistan Fashion Trends | Jobs in Pakistan | Overseas Jobs Abroad | Cars/Bikes Prices | Buy & Sell
Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Disclaimer Friendsmania.net/forum is not responsible for any of the Articles, Comments, Reviews or User Names, as the poster of the particular Article, Comment, Review or User Name on Friendsmania.net/forum Discussion Forum.