Question # 1

Which is the largest import Pakistan?

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Food

Petroleum

Fertilizer

Medicine

Which of hr following can the government not use directly to control the economy:

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Pay rates within the private sector

Pay rates in the pubic sector

Investment in education

Benefits available for the unemployed and sick

Under normal circumstances, when the price of a commodity falls. the quantity demanded will:

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Decrease

Increase

Remain unchanged

Nobody knows

What is full form of the OAU?

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Organization of Asian Unity

Organization of African Unity

Organization of American Unity

Organization of Allied Universities

What minimum price is acceptable by a firm in the short-period?

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Equal to AC

Equal to AVC

Equal to AFC

Equal to TC

What is a 'buttock line'?

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A row of locking gimbals

The location at which cockpit seats are located

An imaginary vertical line that separates the right and left side of an aircraft

The alignment of landing gear wheels installed on an aircraft

The term 'Socialism' was first used by

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Robert Owen

Karl Marx

Lenin

Bernstein

When was Common Market for Eastern and Southern African (COMESA) formed?

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1995

1994

1992

1991

What is termed to order an accused person to be kept in custody or placed on ball pending further court appearance?

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Remand

Custody

Arrest

Prosecuting

Menu costs in relation to inflation refer to:

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Costs of finding better raters of return

Cost of altering price lists

Costs of money increasing its value

Costs of revaluing the currency

Who introduced the concept of 'Permanent Income Hypothesis'?

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Irving Fisher

Adam smith

Milton Friedman

Franco

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